Answer:
Life insurance is designed to pay off all your debt at the time of your death. True <u>False</u>
Step-by-step explanation:
Interest paid after 30 years is $494,546.99.
Solution:
Principal (P) = $195,000
Interest rate (r) = 4.3%
Time (t) = 30 years
n = number of times interest calculated per year
n = 1
Compound interest formula:

where A is the final amount




A = 689546.99
Interest = Amount - Principal
= 689546.99 - 195000
= 494546.99
Interest paid after 30 years is $494,546.99.
Answer:
30:80
Step-by-step explanation:
Because 300 divided by ten is 30 so 800 divided by ten is 80 :)
Answer:
n = 18 6/25
Step-by-step explanation:
Multiply both sides by 12.
12(38/25) = 12(n/12)
456/25 = n = 18 6/25 = 18.24