Test Formulas: Financial Formulas.jpg Directions: Identify…

Test Formulas: Financial Formulas.jpg Directions: Identify the appropriate formula, define each variable, and show all steps of your work to solve the following question. Part a)  Ydhalia wants to have $550,000 for retirement in 35 years. Her account earns 2.5% interest. How much would Ydhalia need to deposit in the account each week? Part b) How much interest would Ydhalia earn?

A box contains 5 reds, 3 white, and 4 blue marbles.  If 2 ma…

A box contains 5 reds, 3 white, and 4 blue marbles.  If 2 marbles are drawn at random without replacement: Part a) Draw a probability tree and label the appropriate probabilities. Part b) Determine the probability that both marbles drawn are blue?Part c) Determine the probability that the first marble drawn is red given the second marble drawn is white?