The actual annual percentage yield on this account is
R=(1+0.021÷12)^(12)−1
R=0.0212 × 100
R=2.12%
Insurance premium is: the amount paid for an insurance policy.
<h3>What is insurance premium?</h3>
Insurance premium can be defined as the money that a person paid to an insurance company for insurance coverage incase of unforeseen or unexpected circumstance.
Example of insurance coverage are:
Therefore the correct option is C.
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Answer:
A) Interest on a 4-month note is calculated as: $1,000 × 12% × 1/12.
Explanation:
Each note is worth $1,000
Each note carries a 12% interest rate
Only one month has passed since the notes were issues, so the time = 1/12
Therefore the interest accrued from December 1 to December 31 = note value x note's interest x time = $1,000 x 12% x 1/12 = $10
Answer:
false
Explanation:
my teacher said it was false but she could be wrong