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Future Value of an Annuity of 1
An individual is planning to set-up an education fund for his grandchildren.He plans to invest $10,000 annually at the end of each year.He expects to withdraw money from the fund at the end of 10 years and expects to earn an annual return of 8%.What will be the total value of the fund at the end of 10 years?
Sample Sizes
The number of individuals or observations included in a sample, which represents a portion of the larger population for the purpose of conducting statistical analysis.
Confidence Interval
A range of values, derived from the sample data, that is likely to contain the value of an unknown population parameter.
Level of Confidence
A statistical measure expressed as a percentage that indicates the reliability of an estimate or range of values.
Confidence Interval
A range of values, derived from sample data, that is likely to contain the value of an unknown population parameter with a certain level of confidence.
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