1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
elena-14-01-66 [18.8K]
3 years ago
12

Collin buys a fixed deferred annuity. Upon annuitization, he chooses the life annuity with period certain payout option. Collin

will receive $3,000 each month with a 15-year certain period. If Collin dies after seven years, how much will his beneficiary receive?
Business
2 answers:
Rina8888 [55]3 years ago
6 0

Answer:

$288,000

Explanation:

Given:

Payment per month = $3,000

Remain period = 15 year - 7 year = 8 year

Total payment period = 8 year x 12 month = 96 month

Computation of total remain beneficiary amount:

Total remain beneficiary amount = Payment per month x 96 month

Total remain beneficiary amount = $3,000 x 96

Total remain beneficiary amount = $288,000

barxatty [35]3 years ago
6 0

Answer:

$288,000

Explanation:

Given that

Each month received amount = $3,000

Time period = 15 years

Died = After 7 years

The computation of the amount received by the beneficiary is

= Each month received amount × total number of months in a year × remaining years

= $3,000 × 12 months × 8 years

= $288,000

The remaining years is

= 15 years - 7 years

= 8 years

Hence, the beneficiary amount received is $288,000

You might be interested in
Spreadsheet software can be used to do all the following except
agasfer [191]

open a savings account.

3 0
3 years ago
The value of the goods and services Australia purchases from the U.S. are less than the value of goods and services the U.S. pur
Diano4ka-milaya [45]

Answer:

Option (d) is correct.

Explanation:

The information given in the question clearly shows that the value of goods and services U.S imported from Australia is greater than the value of goods and services Australia imported from the U.S. This exchange of goods and services between these two nations also shows that exports of Australia towards U.S. are greater than the exports of U.S. towards the Australia.

Balance of trade or Trade Balance or Net exports:

= Exports - Imports

Since Australia's Exports are greater than its imports, so Australia has a positive net exports and a trade surplus and U.S's Exports are less than its imports, so U.S has a negative net exports and a trade deficit with Australia.

7 0
3 years ago
An investor asks a registered representative to underline the most important facts found in a preliminary prospectus. The regist
olasank [31]

Answer: The correct answer is "a. May not do this since it violates federal securities laws".

Explanation: The registered representative: May not do this since it violates federal securities laws.

As much as the registered representative has the approval of a company director or FINRA, he cannot underline the most important facts found in a preliminary prospectus because he would go against federal securities laws.

5 0
4 years ago
Definition of net worth ?
Luda [366]

Answer:

Net worth is the measure of the wealth of an entity, person, or corporation, as well as sectors and countries. Simply, net worth is defined as the difference between assets and liabilities. It is an important metric to gauge a company's health and it provides a snapshot of the firm's current financial position.

8 0
3 years ago
Read 2 more answers
Explain how the adjust row amounts feature helps in creating qb accountant budgets
Tpy6a [65]

The adjust row amounts feature helps in creating Quick books accountant budgets as it makes updating budgets much faster and allows for consistency and easy use.

Now you'll start making adjustments. If you're starting your budget from scratch, and therefore the monthly amount is the same, you'll be able to enter the primary month. Then click “Copy Across” and therefore the amount will populate for the complete year. Or, if you have already got data from a previous year, you'll be able to click “Adjust Row Amounts” and choose to extend or decrease the monthly amount by a particular amount or percentage. This makes updating budgets much faster and allows for consistency and easy use.

The adjust row amounts feature helps in creating Quick books accountant budgets as it makes updating budgets much faster and allows for consistency and easy use.

To learn more about this Quick Books Accountants Budgets, visit the following link:

brainly.com/question/24441347

#SPJ4

4 0
1 year ago
Other questions:
  • Your aunt gives you some money for your birthday and you decide to put it into your savings account instead of spending it. The
    7·1 answer
  • The following is the adjusted trial balance of Wilson Trucking Company.
    15·1 answer
  • As suggested by president john. f. kennedy, the consumers’ right to be _____ states that consumers should be assured that the go
    6·1 answer
  • At the profit-maximizing level of output, a monopolist will always operate where:
    7·1 answer
  • Distribution systems _____ .
    11·2 answers
  • Janice is the sole owner of Catbird Company. In the current year, Catbird had operating income of $100,000, a long-term capital
    14·1 answer
  • AB Builders, Inc., has 22-year bonds outstanding with a par value of $2,000 and a quoted price of 106.657. The bonds pay interes
    9·2 answers
  • C. K. Prahalad and associates introduced the concept of a global market, not necessarily defined by national borders but rather
    6·1 answer
  • Alex wants to pay off his credit card balance before he gets married. he decides to take the $2,340 out of his savings and apply
    13·2 answers
  • In the _________ bias, a decision maker subconsciously decides something even before investigating, and then seeks information t
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!