Answer:
82,400 or 82,425
Step-by-step explanation:
Answer:
answer is d
Step-by-step explanation:
Hello from MrBillDoesMath!
Answer:s:
For #18, see attachment, "Scatterplot_18", where the data is plotted. It looks like choice J -- no association-- is the correct answer.
For #14 it looks like you had some confusion but are on the right track. The formula for compound interest is Amount = P(1+r)^n, where P if the Principal (initial investment), r is the yearly rate, and "n" is the number of years invested. In your case,
A = 1000 ( 1 + .02)^3 => as 2% = 2/100 = .02; n = 3 as money
invested for three years
A = 1000 (1.061208) =
$1061.21
This is the same answer you got but is NOT one of the choices. Hmmm.....
Thank you,
MrB
Answer:
2.5 years
Step-by-step explanation:
Amount= $8036
Principal= $7000
Rate =5.6%
t= ?
n= 2
A= P(1 + r/n)^nt
8036= 7000(1 + 0.028)^2t
1.148= (1 + 0.028)^2t
log(1.148) = log (1 + 0.028)^2t
0.05994= 2t × 0.01199
t= 2.5 years
The man would pay $491 less for a policy of 20 year life insurance than a straight life policy. So, the answer is the second one.