33.33%
A Computer Costs $500 Today Relative To A Cost Of $1,500 Some Ten Years Ago. The Price Relative Is?
$500/$1500 = 1/3
The price today is 1/3 that of 10 years ago.
It has decreased an average of 10.4% per year.
The price today is 1/3 that of 10 years ago.
It has decreased an average of 10.4% per year.
A life insurance policy that pays whether the policyholder lives or dies is called