Mathematics, 08.12.2020 06:20 montgomerykarloxc24x
Tom Worker pays $1,200 annually for $90,000 worth of life insurance.
Tim uses the formula B×I^n to compute how much $1,200 will become at 6% compounded annually.
Complete the following sentences. (Use a thousands 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 $1,200×1.79 to find $
Answers: 2
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Tom Worker pays $1,200 annually for $90,000 worth of life insurance.
Tim uses the formula B×I^n to...
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