Answer: The annual interest rate r= 8%
Step-by-step explanation:
Given: The invested amount = $500,000.
The annual interest = $40,000
The annual interest rate is given by :-

Hence, the annual interest rate r= 8%
Answer:
A. 2/3
Step-by-step explanation:
Simplify it by four, 8 / 4 = 2, 12 / 4 = 3
Answer:
$9,220,000(0.888)^t
Step-by-step explanation:
Model this using the following formula:
Value = (Present Value)*(1 - rate of decay)^(number of years)
Here, Value after t years = $9,220,000(1 -0.112)^t
Value after t years = $9,220,000(0.888)^t
What does a standard deviation of 0 indicates 0.