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ASHA 777 [7]
3 years ago
9

The person who receives financial protection from a life insurance plan is called a what

Business
2 answers:
barxatty [35]3 years ago
7 0
Insured is what it is called
Wewaii [24]3 years ago
3 0
The answer is Beneficiary because most people buy life insurance to protect the people who depend on the insured from financial losses cause by his or her death
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You want to take a dream vacation in 3.5 years. You plan to save up $5,000 in your vacation sinking fund. Assume an interest rat
Ket [755]
<h3>Answer:</h3>

<h3>Explanation:</h3>

The formula for calculating the Monthly payments P for the sinking fund is as follows:

P\;=\;\frac{A*i}{(1+i)^n-1}

where,

P = Monthly payments to be made

A = Total amount to be accumulated

i = Interest rate for given time period

n = Number of time period

Assuming interest is applied at the beginning of each period.

We are given two scenarios.

<h3><u>Scenario (i) - Deposit is made during the year:</u></h3>

In this scenario, as some of the year is already passed (assume 6 months), to complete the time period of 3.5 years the interest will compound 3 times (as the 0.5 year payments can be adjusted in the remaining part of the first year and no interest is applied on it). Hence, the interest will be applied 3 times.

\therefore P_{(i)}\;=\;\frac{5000*0.08}{(1+0.08)^3-1}\\\\P_{(i)}\;=\;\frac{400}{0.2597}\\\\P_{(i)}\;=\;1540.1676

<h3><u>Scenario (ii) - Deposit is made at the beginning of the year:</u></h3>

For this case, the interest will be applied 4 times to complete the time period of 3.5 years for payment.

\therefore P_{(ii)}\;=\;\frac{5000*0.08}{(1+0.08)^4-1}\\\\P_{(ii)}\;=\;\frac{400}{0.3605}\\\\P_{(ii)}\;=\;1109.6040

3 0
3 years ago
Louisiana Specialty Foods can produce its famous meat pies in its factory at a production rate of 1650 cases each per day. The f
Paul [167]

Answer:

economic production quantity= 2024.6 units

Explanation:

<em>The optimal production run is the economic batch units that minimizes the balance of set-up cost and holding cost. It can be determined by adjusting the economic order quantity (EOQ) model for gradual replenishment , </em>

EBQ = √(2× Co× D)/Ch(1-D/R)

EBQ- Economic /optimal production run

Co- set-up cost per run

Ch- holding cost per unit per annum

D- Annual Supply- 9800× 280

Production rate per day-5000

Optimal production run

=  √(2× 320× 265×250)/11.50×(1-250×250/1650 ×250)

= 2024.6 units

4 0
4 years ago
Which best describes what a market index does?
elixir [45]

Answer:

A market index is an indicator of the price movement of a certain sector in an economy. Statistical measures are used to average and calculate these numbers. Consumer price index, down Jones industrial average and s&p 500 are the most famous indices.

These factors affect the stock prices,

market performance

the company’s financial health

the economy

Overall market and industry performance allomg with.the functioning capacity of the overall economy has a tremendous impact on the stock prices as well. Mainly it affects the foreign investments.

Explanation:

4 0
3 years ago
You are investigating a problem with the motherboard, what are the two main components to check out?
SVEN [57.7K]

The two main components to check with the motherboard that has a problem with it functioning and working is the memory and processor as they are the two components that makes the mother board function correctly and without these, the mother board won’t be working as it normally does.

3 0
3 years ago
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Barbara allows her comprehensive major medical plan to lapse. If her policy is reinstated on March 20th and she contracts mononu
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6 0
3 years ago
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