Acouple took out a 5-year $30,000 loan to pay for for their wedding. after 5 years, the loan payments they had made to the bank amounted to $38,250.
the interest rate on the loan, compounded continuously, is %. if they had taken an 8-year loan instead of a 5-year loan, they would have paid approximately $more.

An oil exploration company currently has two active projects, one in asia and the other in europe. let a be the event that the asian project is successful and b be the event that the european project is successful. suppose that a and b are independent events with p(a) = 0.2 and p(b) = 0.8. (a) if the asian project is not successful, what is the probability that the european project is also not successful? (b) what is the probability that at least one of the two projects will be successful? (c) given that at least one of the two projects is successful, what is the probability that only the asian project is successful? (round your answer to three decimal places.)