Answer:
a, c, d
Step-by-step explanation:
1. a: 3/5=0.6=60%
2. c: 0.60=60%
3. d: 6/10=0.6=60%
Answer:
(P,O)(M,N)(M,P)(N,O)
Step-by-step explanation:
brainliest pleeez
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:
Firstly, solve the effective annual interest (ieff) with the equation,
ieff = (1 + i/m)^m -1
where i is the interest rate and m is the number of times the interest is compounded in a year. In this problem, m is 12
Substituting the values,
ieff = (1 + 0.034/12)^12 - 1 =0.03453
To solve for the future (F) amount of the present investment (P),
F = P x (1 + ieff)^n
where n is number of years.
F = ($742) x (1 + 0.03453)^15
Thus, the answer is $1234.76.
