What is the annual percentage rate on a loan with a stated rate of 2.75 percent per quarter?A. 11.00 percentB. 11.09 percentC. 1
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Answer:
Explanation:
<u>Linear Modeling</u>
Models are an important part of the study of a variety of natural phenomena in a great number of fields like science, health, business, human behavior, economics, among many others.
Once a model is determined, it can be used to estimate future values of important variables which in turn can help people to make decisions.
It has been determined a model that relates the amount of term life insurance a family of four should have with the current age of the head of the household. That model is
we are required to estimate the amount of term life insurance to recommend to a family of four when the head of the household is x=41 years old. Let's plug in the given value in the equation