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Mathematics, 30.12.2020 18:00 richardharding

Tom Worker pays $1,200 annually for $90,000 worth of life insurance. Tim uses the formula B X I to compute how much $1,200 will become at 6% compounded annually.

Complete the following sentences. (Use a thousand comma where appropriate.)

Amount paid in premiums after 10 years: $
Cash value at the end of 10 years: $
The ratio of cash value to premiums as a percent to the nearest hundredth:
%
He multiples $1,200 x $1.79 to find $
.

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