Davis decides to think about retirement and invests at the age of 30 . He invests $5,000 and hopes the investment will be worth $250,000 by the time he turns 70 . If the interest compounds continuously, approximately what rate of growth will he need to achieve his goal? Round to the nearest tenth of a percent.

Rate of growth he will need to achieve his goal is 9.8%

Step-by-step explanation:

Principal=$5,000

Time(t)=70-30=40 years

Period (n)=12 months

Interest rate (r)=?

A=$250,000

r=n{(A/P)^1/nt - 1}

=12{(250,000/5000)^1/12*40 - 1}

=12{(50)^1/480 - 1}

=12{(50)^0.0021 - 1}

=12(1.0083 - 1)

=12(0.0082)

=0.0984

r=0.0984*100

=9.84%

To the nearest tenth=9.8%

see below

step-by-step explanation:

7.   there are 10 data points in the set.   the middle point is between 5 and 6.   the middle point in the top half is 8   and the middle point in the bottom half is 3. to find the iqr , take point 8 and subtract point 3

mid term   point 8 = 100   point 3 = 88

iqr = 100-88 = 12

final   point 8 = 93   point 3 = 78

iqr = 93 - 78 = 15

the final has the greatest iqr

6.   b - there is a high data value that causes the data set to be asymmetrical for the males: the data for males are high and asymmetrical .   there is an outlier for the males that skews the data

5.   the   iqr is a better measure of spread for the movies and basketball games.   since the basketball game has an outlier, we do not want to use standard deviation for measurement.  

3.   the exam median is much higher than the class median.   the median line is farther to the right on the exams

2.   there is no way to tell what the means are from the box and whisker plots.