Answer:
13.9188 dollars
Step-by-step explanation:
1.1599 * 12 = 13.9188
Answer:
Your second listed answer choice would be your answer.
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.
I can help you. Just post the question
This problem can be readily solved if we are familiar with the point-slope form of straight lines:
y-y0=m(x-x0) ...................................(1)
where
m=slope of line
(x0,y0) is a point through which the line passes.
We know that the line passes through A(3,-6), B(1,2)
All options have a slope of -4, so that should not be a problem. In fact, if we check the slope=(yb-ya)/(xb-xa), we do find that the slope m=-4.
So we can check which line passes through which point:
a. y+6=-4(x-3)
Rearrange to the form of equation (1) above,
y-(-6)=-4(x-3) means that line passes through A(3,-6) => ok
b. y-1=-4(x-2) means line passes through (2,1), which is neither A nor B
****** this equation is not the line passing through A & B *****
c. y=-4x+6 subtract 2 from both sides (to make the y-coordinate 2)
y-2 = -4x+4, rearrange
y-2 = -4(x-1)
which means that it passes through B(1,2), so ok
d. y-2=-4(x-1)
this is the same as the previous equation, so it passes through B(1,2),
this equation is ok.
Answer: the equation y-1=-4(x-2) does NOT pass through both A and B.
