Use the Following to Answer Questions

question 21

Short Answer

Use the following to answer questions :
The following table gives the cumulative frequency distribution of annual incomes (in thousands of dollars)for a sample of 200 families selected from a city.

-The number of families with an income of $40,000 or less is:

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Definitions:

End of the Year

The conclusion of a fiscal or calendar year, marking a period for financial reporting, assessment, and strategy formulation for businesses.

Maturity

The date on which the principal amount of a loan, bond, or other financial instrument must be repaid to creditors.

Maker

In the context of finance, refers to the entity that issues or creates a financial instrument, such as a check or note.

Maturity Value

Maturity value is the amount payable to an investment's holder at its maturity date, including the principal and any remaining interest.