A market's condition best determines whether a borrower’s investment on an adjustable rate loan goes up or down. The condition of the market is inversely proportional to the loan rate.
If market conditions are good then the rate goes down and if market is going down, the rate increases.
M = 1 - 2 / 3 - 1
m = - 1 / 2
Answer:
2nd Account has $19,000
1st Account has $42,000
Step-by-step explanation:
First let's split the money invested.
x is money in account 1
y is money in account 2
1st equation
<u>$61,000=x+y</u>
5%=0.05
7%=0.07
2nd equation
<u>0.05*x+0.07*y=$3,430</u>
x=61,000-y
substitute into 2nd equation
0.05(61,000-y)+0.07y=3430
Solve.
3050-0.05y+0.07y=3430
0.02y=3430-3050
0.02y=380
y=380/0.02
y=$19,000
There are 2(two) ways to solve for the 1st account, but I will do it the long way.
y=61,000-x
substitute into 2nd equation
0.07(61,000-x)+0.05x=3430
Solve.
4270-0.07x+0.05x=3430
-0.02x=3430-4270
-0.02x=-840
x=-840/-0.02
x=$42,000
The short way...
x=61,000-y
x=61,000-19,000
x=$42,000
Answer:
-0.55
Step-by-step explanation:
-0.55
Cost of life insurance is $30000 at a price of for each $24 for each $1000 of coverage.
Cost = 
= $720
Premium is paid each month then it becomes 
=$60
