Answer:
C. 12
Step-by-step explanation:
With the rule of 72, you would divide 72 by the periodic interest rate to get the number of years for the principal to double
72 ÷ 6 = 12
Answer:
12 cents
Step-by-step explanation:
opportunity cost of the next best option forgone when one alternative is chosen over other alternatives
by loaning matt the money he forgoes the opportunity to earn 12 cents in interest. this is his opportunity cost
Answer:
or 
Step-by-step explanation:
To find slope we use the slope formula

Two points on the line we can classify are (3,4) and (4,8)
Answer:
0.06% annually
Step-by-step explanation:
Divide $720 by 3. We get $240, so we know this is the amount of interest we get per year. Dividing $240 by $4,000 gives us
