1. How much money will you accumulate if you deposit $1400.00 at the beginning of each year for 30 year at 2.5%
compounded annually? (ordinary annuity)
Formula:
[(1 + i)" - 1]
FVA Ordinary
= Px-

Atextile fiber manufacturer is investigating a new drapery yarn, which the company claims has a mean thread elongation of 12 kilograms with a standard deviation of 0.5 kilograms. the company wishes to test the hypothesis upper h subscript 0 baseline colon mu equals 12 against upper h subscript 1 baseline colon mu less-than 12 using a random sample of n equals 4 specimens. calculate the p-value if the observed statistic is x overbar equals 11.8. round your final answer to five decimal places (e.g. 98.76543).