We are aiming to have $5,000,000 in 45 years and we plan to get there by making monthly investments that are 1% larger than the previous month's investment. Our funds will earn 14.4% compounded monthly. How much should be invested at the end of the first month?
A) $24.29 B) $68.82 C) $103.74 D) $425.16 E) $801.93
Willow Falls has a valuation rate of 30%. If a building in Willow Falls has an assessed valuation of $90,000, compute the market value of the building.
The assumption of homoscedasticity means that ________.
A) variation about the regression line is constant for all values of the independent variable B) the residuals should appear to be randomly scattered about zero,with no apparent pattern C) the errors for each individual value of X are normally distributed,with a mean of 0 D) the residuals should be scattered in a parabolic shape about zero