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
A vendor allows a 2% discount if an invoice is paid within 10 days. a purchase was made for $5,000 on june 10 and paid on june 1
Kamila [148]
An invoice is a document given from the seller to the buyer stating the quantity of products bought, agreed prices and transactions made between the two parties. If the buyer bought the product in June 10 and decides to pay on the 19th, only 9 days have passed since the date of purchase. This is inclusive of the agreement written that 2% discount is given if paid not more than 10 days. Therefore, the check should be

($5,000)(1-.0.02) = $4900
8 0
3 years ago
The flood account is set up as a chiasm. this means it is a _______________ story/account.
Anni [7]

The flood account is set up as a chiasm. this means it is a account story/account.

<h3>How do you explain chiasm?</h3>

A chiasmus is a rhetorical device used to create a stylized writing effect, in which the second part of a sentence is a mirror image of the first.

<h3>Chiasmus: What Is It?</h3>

"By day the frolic" is the first part of the statement.

"And the dance by night," reads the second half of the line.

<h3>What does the Bible's chiastic structure entail?</h3>

A literary device used in narrative motifs and other textual passages is the chiastic structure, often known as the chiastic pattern. The presentation of two concepts, A and B, along with their variations, A' and B', as A,B,B', and A' is an illustration of chiastic structure.

<h3>What is the significance of the chiastic structure of the Bible?</h3>

The chiastic structure, also referred to as the chiastic pattern, is a literary device employed in narrative motifs and other textual sections. The presentation of two ideas, A and B, along with their variations, A' and B', as A,B,B', and A', serves as an example of chiastic organization.

To Know more about chiasmus

brainly.com/question/2054931

#SPJ4

8 0
2 years ago
Assume an economy is currently engaged in free trade but considering implementing a tariff on its main import, athletic shoes. W
UNO [17]

Answer:

Price - increase

Domestic production- increase

Import- reduces

Producer surplus- increase

Explanation:

A tariff is a form of tax on import or export.

When a tariff is imposed on a good , the price of the good increases.

As a result of the tariff , the amount of the goods imported falls as the imported good is now more expensive. The quantity produced by domestic producers increases as consumers would now start demanding for the domestic good. Tariffs are sometimes enacted to discourage importation and encourage domestic production.

As a result of the price increase, producer surplus increases. The increase in price also increases output. The producer surplus is the difference between the price of a product and the least amount the producer is willing to sell his product.

I hope my answer helps you.

7 0
4 years ago
State two reasons why people work
Hunter-Best [27]

Answer:

earn money, make a change, fulfill their dreams

Explanation:

3 0
3 years ago
Read 2 more answers
Specific barriers to entry for monopolistics​
egoroff_w [7]
Ans: These barriers include: economies of scale that lead to natural monopoly; control of a physical resource; legal restrictions on competition; patent, trademark and copyright protection; and practices to intimidate the competition like predatory pricing.
6 0
3 years ago
Other questions:
  • The space on freeway is fixed at any instant of time. A supply curve that shows this is
    14·1 answer
  • The _____ serves as the jfc's principal organization to draft the commander's information dissemination policy and coordinates i
    13·1 answer
  • Merone Company allocates materials handling cost to the company's two products using the below data: Modular Homes Prefab Barns
    6·1 answer
  • Rowena has a $150,000 homeowner's insurance policy with a $1,000 deductible on her house. Her premium payment is $100 per month.
    15·2 answers
  • If a project costs ​$100 comma 000100,000 and is expected to return ​$27 comma 00027,000 ​annually, how long does it take to rec
    14·1 answer
  • An increase in the number of which of the following will lead to an increase in the unemployment rate? Discouraged workers A Bus
    8·1 answer
  • 3. True or False. An advance payment received in June 2019 by an accrual basis and calendar year taxpayer for services to be pro
    12·1 answer
  • Montel Company’s July sales budget calls for sales of $550,000. The store expects to begin July with $57,000 of inventory and to
    7·1 answer
  • Which of the following is an example of physical capital in an economy?
    14·1 answer
  • The production function gets flatter, while the total cost curve gets steeper due to the fact that Group of answer choices at lo
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!