Find the compound amount for the deposit. Round to the nearest cent. Assume continuous compounding.Amount: $9029Interest rate: 4%Time: 4 years
A. $11,477.85
B. $12,940.99
C. $10,595.63
D. $12,433.66
Answer: C
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Solve the problem.An insurance company says that at age 50 one must choose to take $10,000 at age 60, $30,000 at 70, or $50,000 at 80 ($0 death benefit). The probability of living from 50 to 60 is 0.87, from 50 to 70, 0.62, and from 50 to 80, 0.42. Find the expected value at each age.
A. 60: $6200 70: $18,600 80: $21,000 B. 60: $8700 70: $12,600 80: $21,000 C. 60: $8700 70: $26,100 80: $43,500 D. 60: $8700 70: $18,600 80: $21,000
Solve the problem.Matthew has $5600 invested in the stock market. This amounts to 20% of his total savings. How much has Matthew saved?
A. $280,000 B. $28,010 C. $28,000 D. $28,100
Solve the problem.In a card game, it is possible to have a negative score. If Kayla's score is 17, what is her new score if she loses 39 points?
A. 22 points B. -22 points C. 56 points D. -56 points
Insert either <, >, or = to make a true statement.
_____ 0
A. < B. = C. >