Answer:
The insurance company should charge $1,873.5.
Step-by-step explanation:
Expected earnings:
1 - 0.99813 = 0.00187 probability of the company losing $1 million(if the client dies).
0.99813 probability of the company earning x(price of the insurance).
What premium would an insurance company charge to break even on a one-year $1 million term life insurance policy?
Break even means that the earnings are 0, so:
The insurance company should charge $1,873.5.
Answer:
1. 5.67232
2. 1.0472
5. 9.94838
6. -5.49779
7. 2.24746048
10. -0.0161006623
Step-by-step explanation:
Those were the only ones I could help on, sorry I couldn't help on the other ones.
When you multiple 2.9*105 you get 304.5 then you multiple 8.7*105 you get 913.5 next add the two your sum will be 1218.<span />
Answer:
Define F as fathers age and S as sons age right now.
Then now they are
(1) 3S = F
and six years ago they were
(2) 5*(S-6) = F-6
calculate 5*(S-6)
5S - 30 = F-6
Subtract left and right side by -F
Add 30 to left and right side
5S - F = 24
Put (2) 3S = F into the equation above
5S - 3S = 24
2S = 24
S = 12
insert result in (2) 3S = F
3*12 = F
36 = F
Step-by-step explanation:
So the son is 12 years, and the father is 36 years.
3 goes into 5 one time
Hope this helped :)
