1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
maria [59]
2 years ago
10

A modified endowment contract is best described as

Business
1 answer:
MariettaO [177]2 years ago
8 0

A modified endowment contract is best described as a life insurance contract that has accumulated cash values higher than the IRS allows.

<h3 /><h3>What is modified endowment contract?</h3>

This refers to the highest amount of premium that can be paid into a policy and still have it recognized as a life insurance contract.

Hence, a modified endowment contract is best described as a life insurance contract that has accumulated cash values higher than the IRS allows.

Learn more about modified endowment contract here : brainly.com/question/8128588

#SPJ11

You might be interested in
Nikita is the manager of a local small hotel. Just today Nikita received word that a major convention will be coming to town nex
Ne4ueva [31]

Answer:

Contingency viewpoint or approach of management

Explanation:

According to the contingency viewpoint, there is no particular standard of management. Rather, the type of management style adopted including decisions made depends on the type of situation that the organization is facing at the particular time. Nikita in this scenario is using the contingency approach since she is making decisions based on the upcoming convention.

3 0
3 years ago
If the company were to issue an annual zero-coupon bond with a maturity of 2 years and par value of $1,000, what would be the ar
Contact [7]

Answer:

Note: <em>The complete question is attached as picture below</em>

1a. The one year spot rate can be calculated using the one year zero bond.

PV * (1 + S1) = FV

1 + S1 = 1000 / 900

S1 = 1.1111 - 1

S1 = 0.1111  

S1 = 11.11%

1b. PV of the 2 year bond = $950

Annual coupon = 1000 * 5% = $50

950 = 50 / (1 + S1) + (50 + 1000) / (1 + S2)^2

950 = 50 / 1.1111 + 1,050 / (1 + S2)^2

1,050/ (1 + S2)^2 = 950 - 45 = 905

(1 + S2)^2 = 1050 / 905

1 + S2 = 1.160221/2

S2 = 7.714%

1c. Price of the 2 year zero bond = 1,000 / (1 + 0.07714)^2

Price of the 2 year zero bond = 1,000 / 1.1602

Price of the 2 year zero bond = 861.9203586

Price of the 2 year zero bond = $861.92

3 0
3 years ago
Entry-level jobs usually pay:
julia-pushkina [17]
Depends upon what you call entry level jobs and where you're at i've seen anything from 30k to 70k

6 0
3 years ago
Read 2 more answers
1. Problems and Applications Q1 In 2012, the Bureau of Labor Statistics (BLS) announced that of all adult Americans, 142,496,000
Fynjy0 [20]

Answer:

the adult population is 243,312,000

Explanation:

The computation of the adult population is shown below:

The Total adult population is

= Employed + Unemployed +  Not in the labor force

= 142,496,000 + 12,506,000  + 88,310,000

= 243,312,000

Hence, the adult population is 243,312,000

We simply applied the above formula so that the correct value could come

And, the same is to be considered

8 0
3 years ago
Latoya has $113.94 in her checking account. During the week she goes to an atm and withdraws $40. she is charged a usage fee of
Maksim231197 [3]

She has 168.49 in her bank account

3 0
3 years ago
Other questions:
  • Producers use marketing intermediaries because they ________.
    5·1 answer
  • The term "stuck in the middle": Group of answer choices means that the firm’s cost structure is not low enough to allow it to at
    6·1 answer
  • A company uses the weighted-average method for inventory costing. At the end of the period, 16,000 units were in the ending Work
    6·1 answer
  • On January 2, 2018, Baltimore Company purchased 14,000 shares of the stock of Towson Company at $13 per share. Baltimore obtaine
    13·1 answer
  • BE18.12 (LO 2, 3) Manual Company sells goods to Nolan Company during 2020. It offers Nolan the following rebates based on total
    12·1 answer
  • Read the sentence.
    11·1 answer
  • Tyler Financial Services performs bookkeeping and tax-reporting services to startup companies in the Oconomowoc area. On January
    10·1 answer
  • Which command is used to draw visible line form invisible line mode *
    13·1 answer
  • You are putting together your first post-graduation budget. Your take-home pay will be $2,500 per month. You estimate your month
    12·1 answer
  • What identifies the flow of critical business data
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!