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What is the value at the end of year 8 of a $1,200 deposit at the beginning of year 1 and another $800 deposit at the beginning of year 5 if the interest rate is 6%?

Student Question: What is the value at the end of year 8 of a $1,200 deposit at the beginning of year 1 and another $800 deposit at the beginning of year 5 if the interest rate is 6%? In excel, setup a row for each year in the problem. This is necessary because we have the extra [...]Read more

Statistics Guide: The manufacturer of a laser printer reports the mean number of pages a cartridge will print before it needs replacing is 12,350

The following tutorial will setup this problem in excel. Use the template below to follow along and solve this problem for any data set. Student Question: The manufacturer of a laser printer reports the mean number of pages a cartridge will print before it needs replacing is [...]Read more
 

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