( t) Consider the life table below. Compute the requested value assuming a 4% effective annual interest rate. (a) A₁ 55: 61 = (b) A55: 61 Note: Round your answers to three decimal places. Age (x) 55 56 57 58 59 60 61 lI 7870.69 7641.44 7418.88 7202.79 6993 6789.32 6591.58
( t) Consider the life table below. Compute the requested value assuming a 4% effective annual interest rate. (a) A₁ 55: 61 = (b) A55: 61 Note: Round your answers to three decimal places. Age (x) 55 56 57 58 59 60 61 lI 7870.69 7641.44 7418.88 7202.79 6993 6789.32 6591.58
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section7.7: Writing Exponential Functions
Problem 24PPS
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Transcribed Image Text:( t) Consider the life table below. Compute the requested value assuming a 4% effective annual interest rate.
(a) A₁
55: 6
(b) A55:6
=
Note: Round your answers to three decimal places.
Age (x)
55
56
57
58
59
60
61
lI
7870.69
7641.44
7418.88
7202.79
6993
6789.32
6591.58
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