Candice paid $2000 for her whole life insurance policy this year. a term insurance policy with the same coverage would cost her about $700 a year. assuming she decides to buy the term policy and invest the difference, earning a rate of 6 percent, how much money could she “make” in a year?

78

Step-by-step explanation:

2000-700=1300 x .06 = 78

0.16 or 16%

step-by-step explanation:

lets take a coin for example.

if you toss it twice, it has a 1/4 chance of landing on heads both times because 1/2 * 1/2 is 1/4.

with the cards, the chance of picking dog is 0.4. having two people pick one is like picking a card twice in a row. so 0.4 * 0.4 is 0.16, or 16%