How much will you have contributed to a Whole Life insurance policy that has a face value of $60,000 over a 40-year
1 answer:
You might be interested in
Answer:
The value of account after 8 years is $8580
Step-by-step explanation:
Given in question as :
The principal that invested in an account = $6,000
The annual interest rate compounded quarterly = 4.5%
Time period = 8 years
Now from compound Interest method for quarterly .
Amount = Principal
Or,Amount = $6,000
Or, Amount = $6,000 (1.430)
∴ Amount = $8580
Hence the value of account after 8 years is $8580 Answer
Answer:
3 + 4
Step-by-step explanation:
If u = < x₁, y₁ > and v = <x₂ , y₂ > , then
u • v = x₁x₂ + y₁y₂
Given
u = < , - 1 > and v = < 3, - 4 >, then
u • v = 3 + (- 1)(- 4) = 3
+ 4