Answer:
Point to point indexed annuity.
Step-by-step explanation:
An indexed annuity is linked to specific index performance. Point to point indexed annuity is the one which gives interest on the basis of index percentage change. The interest credit is calculated by taking the percentage change between the beginning and end points of the index.
<em>40</em>
- Step-by-step explanation:
<em>2 + 10 = 24</em>
<em>2(2 + 10) = 2×12 = 24</em>
<em>3 + 6 = 27</em>
<em>3(3 + 6) = 3×9 = 27</em>
<em>7 + 2 = 63</em>
<em>7(7 + 2) = 7×9 = 63</em>
<em>5 + 3 = 40</em>
<em>5(5 + 3) = 5×8 = 40</em>
See the attached picture for solution:
G = the cost of one pack of gum
LeBron : 6 - 4g
James : 5 - 2g
what they both have after buying gum..
6 - 4g + 5 - 2g = 11 - 6g
