Answer:
Two times of your age = 16 × 2 = 32
So, 200 reduced = 32 - 200 =<u> - 163 </u><u>years</u>
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Answer:
With monthly compounding, the bank will calculate interest on your account just once per month. It will not update your balance on a daily basis when it calculates how much interest it owes you. Assuming that the APR is the same, accounts with monthly compounding offer a lower APY than accounts with daily compounding.
No because they share a x twice
There are 12 months in a year. The rental term is for 2 years, that's a total of 24 months.
They pay $505 every month
24 months × $505 = $12,120 paid over the lease term.
answer is D.
