At the beginning of year 1, carlos invests $600 at an annual compound interest rate of 4%. he makes no deposits to or withdrawals from the account. which explicit formula can be used to find the account's balance at the beginning of year 5? what is, the balance?
Tim tradesman pays $2,000 annually for $125,000 worth of life insurance. what is the cash value of the policy after 10 years? 11,125 13,125 17,800 111,250