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Archy [21]
3 years ago
13

A whole life insurance policy in which premiums are reduced for an initial period (e.g. 3 years) and are higher thereafter is an

example of a
Business
1 answer:
sp2606 [1]3 years ago
3 0
<span>This is an example of modified life policy. In modified life cycle, the premium differs at different stages of life. In the initial period, the person is fit and healthy and hence the premiums are low while at the later stage, a person develops various kinds of diseases and hence accordingly the premiums are increased at a later stage to compensate for that.</span>
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Answer:

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Explanation:

The computation of the lumspum amount is as follows;

= Cash flow × (1 - (1 + rate of interest)^-number of years) ÷ rate of interest)

= $89 million × (1 - (1 + 0.0765)^-26) ÷ 0.0765)

= $38,163,612

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Therefore the above is calculated by applying the given formula

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3 years ago
Pinkin Inc. needs to determine a price for a new phone model. Pinkin desires a 25% markup on the total cost of the phone. Pinkin
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Answer:

See below

Explanation:

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3 years ago
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amm1812
Hello,

Once every 10 years, the Census Bureau does a comprehensive survey of housing and residential finance.

Hope this helps! :)
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