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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

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if barbara falcon invests $16,751.84 now and she will receive $30,000 at the end of 10 years, what annual rate of interest will
Crank

9% of annual rate of interest will she be earning on her investment .The price of borrowing money is reflected in the interest rate on a credit card.

<h3>What is annual  rate interest ?</h3>

The price of borrowing money is reflected in the interest rate on a credit card. We utilize the annual percentage rate for this (APR). On the majority of credit cards, you can avoid paying interest on purchases if you pay your balance in full each month by the due date.

The term annual percentage rate of charge refers to the interest rate for an entire year rather than just a monthly fee or rate as applied on a loan, mortgage loan, credit card, etc. It can also be referred to as a nominal APR or an effective APR. It is an annual rate of a finance charge.

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4 0
1 year ago
You short-sell 200 shares of Tuckerton Trading Co., now selling for $50 per share. What is your maximum possible loss?
Fed [463]

Answer:

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3 0
3 years ago
According to the article, why might employers want to ensure that they have cause when terminating an employee?
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Reasons to terminate an employee is because of sexual harrasment, Drug or alchohol use, damaging company property, or unethical behaviour and service.

6 0
2 years ago
The present value of a 10-year annuity-immediate with level annual payments and interest rate i is X. The present value of a 20-
egoroff_w [7]

Answer:

what is this?

Explanation:

6 0
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