Answer:
Point to point indexed annuity.
Step-by-step explanation:
An indexed annuity is linked to specific index performance. Point to point indexed annuity is the one which gives interest on the basis of index percentage change. The interest credit is calculated by taking the percentage change between the beginning and end points of the index.
-2/3-(-1 1/3) =
-2/3 + 1 1/3 =
4/3 - 2/3 =
<em>2/3</em>
12 - (-5) =
12 + 5 =
<em>17</em>
-1 - (-6) =
-1 + 6 =
6 - 1 =
<em>5</em>
-3 3/8 - 7/8 =
27/8 - 7/8 =
20/8 =
2 4/8 =
<em>2</em><em> </em><em>1/2</em>
Answer:
-3
Step-by-step explanation:
3 x 6 - 42/2 =
18 - 42/2 =
18 - 21 =
-3
Hi there! I can help you.
Rate: To find the rate, let’s divide interest earned by the principal. When you do, you get 0.15. Multiply by 100 to get 15 and divide by 3 to get 5. The simple interest rate is 5%.
New balance: All you have to do is add the principal and he new balance. When you do, you get 517.5. The new balance is $517.50.
