Each person was to have 1.5 pounds of turkey, but, with the extra people she would have to buy an additional 4.5 pounds of turkey. If she didn’t buy anymore turkey then everyone would get 1.25 pounds of turkey, which is about 1/6 less of what they would have originally gotten. 1/6 is equal to 16.7% or 0.167.
Answer:
Answer is: $148,809.52
Step-by-step explanation:
Susan has purchased a whole life policy with a death benefit of $200,000.
Assuming that she dies in 10 years.
Rate = 3% or 0.03
Future value after 10 years =
=
= 1.344
Purchasing power of proceeds =
= $148,809.52