Find Z When the Area to the Left of Z

question 40

Essay

Find z when the area to the left of z is .05

---

Definitions:

Face Amount

The nominal or dollar value stated on a financial instrument or security, such as a bond.

Maturity Date

The specific date on which the principal amount of a financial instrument, such as a bond or loan, becomes due and payable.

Term

A fixed or limited period for which something, such as an investment, insurance policy, or lease, lasts or is intended to last.

Direct Write-Off Method

An accounting method where uncollectible accounts receivable are directly written off against income at the time they are determined to be uncollectible.