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amid [387]
3 years ago
11

Elise's health insurance policy has a deductible of $500, a $20 copayment on doctor visits, and coinsurance of 10% on all expens

es other than those for which there are copayments. She visited the doctor four times last year (doctor's fee is $40 per visit) and underwent a surgery that cost $3,000. If instead she had had a policy with a $1,000 deductible, a $10 copayment on doctor visits, and no coinsurance, which of the following is TRUE regarding her expenses (excluding the cost of the insurance)?(A) With the higher deductible, she would have saved between $70 and $249 relative to what she paid with her actual policy.(B) With the higher deductible, she would have saved more than $250 relative to what she paid with her actual policy.(C) With the higher deductible, she would have spent at least $300 more than she paid with her actual policy.(D) With the higher deductible, she would have spent between $50 and $250 more than she paid with her actual policy.
Business
1 answer:
jeyben [28]3 years ago
3 0

Answer:

The correct option is (c).

With the higher deductible, she would have spent at least $300 more than she paid with her actual policy

Explanation:

For her actual policy total expenses;

Deductible =$500

Copayment doctor visit= $20

Coinsurance of 10%= 10/100 ×500=$50

Doctor visit= $40 × 4= $160

Surgery= $3000

Total expenses= $3730

With the higher deductible expenses;

Deductible= $1000

Copayment doctor visit= $10

Doctor visit= $40×4= $160

Surgery= $3000

Total expenses= $4170

Difference in expenses= $4170-$3730= $440

Therefore option (c) is the right option.

With the higher deductible, she would have spent at least $300 more than she paid with her actual policy

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3 years ago
D. J. Masson Inc. recently issued noncallable bonds that mature in 10 years. They have a par value of $1,000 and an annual coupo
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Answer:

$894.65

Explanation:

Given data:

n= time = 10 years

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annual coupon = 5.5%

interest rate = 7.0%

bond price = present value of interest + present value of redemption value.

present value of interest:

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PV = 55 x 1.07^(-10)/0.07

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present value of redemption value:

pv = f / (1 + r)^(n)

where f = par value

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508.35 + 386.3

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A bond has a par value of $1,000, a current yield of 6. 90 percent, and semiannual coupon payments. the bond is quoted at 101.17
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If the bond's par value is $1000,current yield be 6.90% and the bond is quoted at 101.17 then the each coupon payment is $34.9.

Given the bond's par value is $1000,current yield be 6.90% and the bond is quoted at 101.17.

We are required to find the amount of each coupon payment.

Bond value=$1000

Current yield=6.90%=0.0690

Bond quoted=101.17

Payment method=Semi annual =2 payments

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Current yield=Annual coupon/(Bond value*Bond quoted)

0.0690=Annual coupon/(1000*101.17%)

0.0690=Annual coupon/1011.7

Annual coupon=1011.7*0.0690

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Computation of each payment:

Each payment=Annual coupon /2 payment

Each payment=69.8073/2

Each payment=34.90365

Hence the amount of each payment of bond having par value of $1000 is $34.9.

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It should be noted that a manager simply means an individual who oversees the team in a company and ensures that the goals of the company are achieved.

In this case, Ken is the produce manager at saying way a large Supermarket that is part of a national chain and after completing a few management courses offered by his employer, as well as five years of service at the supermarket, he is up for a promotion to assistant manager and is about to negotiate his new salary.

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