Answer: The answer is B
Step-by-step explanation:
Answer:
b ) a loan given for a short period of time that is not dependent on credit history
Step-by-step explanation:
:) enjoy
Answer:
$14,644.63
Step-by-step explanation:
To solve this problem we can use the compound interest formula which is shown below:

<em>P = initial balance
</em>
<em>r = interest rate
</em>
<em>n = number of times compounded annually
</em>
<em>t = time
</em>
<em />
First change 12% into a decimal:
12% ->
-> 0.12
Lets plug in the values:


Tammy will own $14,644.63 after 8 years,
Answer:
c. $1,291.30
Step-by-step explanation:
Calculation what will his new annual homeowners insurance premium be
Insurance premium= [$1,106.30+ ($0.37/ $100*$50,000)]
Insurance premium=$1,106.30+$185
Insurance premium=$1,291.30
Therefore what his new annual homeowners insurance premium will be is $1,291.30