Ruth has paid $900,000 to purchase an investment product that will pay her and her heirs $30,000 a year forever.
Calculate the rate of return that investment product is offering to Ruth.
Show all your calculation

i have no idea

Step-by-step explanation:

c) the median for town a 30" is greater than the median for town b 25"

step-by-step explanation:

town a, median = q2 = 30

town b, median - q2 = 25

so the median for town a 30" is greater than the median for town b 25"

this is the formula: v = the value of investment at the end of the time period

p = the principal amount (the initial amount invested)

r = the annual interest rate

n = the annual frequency of compounding (how many times a year interest is added)

t = the number of years the money is invested

^ means raise to the power of