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tiny-mole [99]
3 years ago
12

If Jesse wants to buy a $75,000 10-year term life insurance policy, and the annual premium rate (per $1000 of face value) for hi

s age group is $2.34, how much is Jesse’s annual premium?
Mathematics
1 answer:
Illusion [34]3 years ago
5 0
To the annual premium rate we use the formula:
A = (Benefit Volume / Face Value) (Annual Premium Rate)

Here are the given values:
Benefit Volume = $75,000
Face Value = $1,000
Annual Premium Rate = $2.34

Plugging in the given values:
A = ($75,000 / $1000) ($2.34)
A = $175.50

The annual premium is $175.50
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3 years ago
Hey if you could help me with this it'd mean a lot I can't figure it out
Blababa [14]

Answer:

L = 12  S = 5

Step-by-step explanation:

L+S=17

3L+2S=46

Multiply the first equation by -2

-2L -2S = -34

Then add it to the second equation

-2L -2S = -34

3L+2S=46

------------------

L = 12

Now we can find S

L+S = 17

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Subtract 12 from each side

S = 17-12

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6 0
3 years ago
A correlation coefficient (r) is an appropriate measure of the strength of relationship between two numerical variables even whe
masya89 [10]

Answer:

The given statement is false.

Step-by-step explanation:

Correlation

  • Correlation is a technique that help us to find or define a relationship between two variables.
  • It is a measure of linear relationship between two quantities.

Thus, we can say that the given statement is false.

Correlation coefficient does not measure non linear relationship between two variables.

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Help!! If anyone could help, I’ll give Brainly! :) thank you so much
OLga [1]

9514 1404 393

Answer:

  $50

Step-by-step explanation:

The compounding period is 1 year, and the period of concern is 1 year. This means the simple interest formula will tell the answer to the question.

  I = Prt

  I = ($5000)(0.01)(1) . . . . . r = annual rate; t = years

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