The expression 1.01*1.005(^t) gives the amount of money, in thousands of dollars, in carter's savings account (t) years after he opens it. what does 1.01 represent in this expression?
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