If the Total Interest Earned on an Investment at 8

question 124

Short Answer

If the total interest earned on an investment at 8.2% compounded semi-annually for 8½ years was $1,175.98, what was the original investment?

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Definitions:

Population Locations

Refers to the geographical or spatial distribution of members within a defined population.

Kruskal-Wallis

A non-parametric test used to compare three or more independent samples to determine if they come from the same distribution.

Chi-Squared Distribution

A statistical distribution that is used to describe the distribution of a sum of the squares of k independent standard normal random variables.

Degrees of Freedom

In statistical analysis, the number of independent values or quantities that can vary in the calculation of a statistic, used in assessing the significance of the statistic.