Apopulation grows with an annual growth rate of 16.3 % per year. (a) what is the monthly growth rate?
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Ответ:
monthly growth rate = ?
Months in one year = 12
let x be the monthly growth of population.
16.3% = 0.163
1+ 0.163 = 1.163
Now, (1.163)¹/¹² = 1.01266
for monthly growth percent
1.01266 - 1 = 0.01266 = 0.01266 x 100 = 1.266%≈ 1.3%
Ответ:
529 Plan - Money you Save
Explanation:
The 529 plan is a savings plan to help families to save for future education expenses. This plan was created by the government and is a tax advantage that encourage savings.
The 529 Plan do not pay taxes at any point. Not when Annual Percentage Rate is paid or when the capital is withdrawn for paying tuition. books, and housing related expenses.
This plan, also called “qualified tuition plans,” create a saving account with one owner and one beneficiary. The beneficiary will receive the funds once the college payments need to be done.