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4 years ago

When might term insurance be a better option than whole life insurance?

2 answers:

6 0

Maybe never because Term insurance isn't always there when you need it. Also you can only get term at certain points in your life. Whereas whole life is always available.

jekas [21]4 years ago

4 0

Term insurance can be a better product if your time horizon is 10 years or less. Term insurance works best because it is a low cost and low commitment program. Also, term insurance is better than whole life insurance especially at younger ages.

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You should always read the fine print before signing a contract.

Bess [88]

I would say yes, because a person would want to know fully what they are getting into.

6 0

3 years ago

Read 2 more answers

Requirement 4. Zeke's top management is deciding whether to embark on a $ 190 comma 000 advertising campaign. The marketing fir

MrRissso [65]

Answer: It will increase the company's annual operating income by 18%.

Explanation: Operating income is an accounting and finance term which is known as the total amount generated by a business Organisation after the total costs that are associated with the operations and the tax have been deducted from the total revenue generated during the period under review.

AN OPERATING INCOME CAN BE CALCULATED YEARLY OR ANNUALLY (ANNUAL OPERATING INCOME).

The higher the operating income the higher the profit margin earned by the business Organisation.

3 0

4 years ago

North Dakota Corporation began operations in January 2017 and purchased a machine for $15,000. North Dakota uses straight-line d

taurus [48]

...

Answer: Income tax 2017

Account income $145,000

Add depreciation 3750

Less capital allowance 7500

Balance. $141250

Tax. 42,375

North Dakota journal $

Dec 2017

Profit after tax Dr 42375

Cash CR. 42375

Tax payment for the year

5 0

3 years ago

Congratulations, you are a millionaire. No, the Delaware Lottery office did not call. However, an officer from Bank of America h

nevsk [136]

Part A

Answer:

$207,021

Explanation:

The balance on the account at the end of the year 2020 is $1,000,000

The question asks us to calculate the balance on the account at the end of the year 1970, which is exactly 50 years ago.

We would simply discount the $1,000,000 by using an interest rate of 3.2%

$PV_{1970}$ = $\frac{1000000}{(1 + 0.032)^{50} }$ = $207,021

Part B

Answer:

$17,892.88

Explanation:

We have the value at year 1970 which is $207,021

Now to calculate the annual payment (PMT) we would plug the following values in the financial calculator,

PV = 0

N = 10

FV =207021

I/Y = 3.2

PMT = ?

PMT = $17,892.88

https://www.calculator.net/finance-calculator.html?ctype=contributeamount&ctargetamountv=207021&cyearsv=10&cstartingprinciplev=0&cinterestratev=3.2&ccontributeamountv=1000&ciadditionat1=end&printit=0&x=102&y=11

4 0

3 years ago

Which type of firearm sight is simple, inexpensive, and standard on most handguns?

Nimfa-mama [501]

An open sight is simple, inexpensive, and standard on most handguns. They allow the shooter to easily see the target without any magnification or optic fibers. They cost much less than telescopic or fiber optic options, and can be either fixed or adjustable on the handgun.

6 0

3 years ago