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 $
.
Answers: 1
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Tom Worker pays $1,200 annually for $90,000 worth of life insurance.
Tim uses the formula B X I to...
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