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
svlad2 [7]
3 years ago
9

DeShawn is 38 years old and is married with 3 children, ages 2, 4, and 6. He makes $45,000 a year and is planning to retire when

he turns 60. From the following three options, DeShawn decides to buy the $900,000 20 year term policy. Given DeShawn’s scenario, assess whether DeShawn made a wise decision.a. DeShawn would be safer buying whole life policy.b. DeShawn would have more money in the long run if he invested in the 20-year endowment.c. DeShawn’s current policy will cover his family for an adequate period of time at his current salary.d. DeShawn’s current policy has too high of a face value and does not cover his family long enough.
Mathematics
1 answer:
emmainna [20.7K]3 years ago
4 0

Answer:B

Step-by-step explanation:

DeShawn would have more money in the long run if he invested in the 20-year endowment

DeShawn already makes $45,000 yearly, which makes him rich enough to purchase the 20 year endowment plans, the 20 year life plan won't be wise, because it last for 20 years, and this will end before he retires, 38 + 20 = 58 and once it ends, no payment will be made if he's still alive, so what if something happens to him in the 2 years inbetween the end of the 20 year term plan and his retirement? That's where the plan doesn't favor him and his family, but the 20 year endowment plan once it's finished, he will be paid the sum assured to him, plus bonuses, and his family will be covered if something happens to him in the 2 years inbetween the end of the 20 year endowment plan and his retirement

You might be interested in
Arianna earns a weekly salary of $400 plus a 6.5% commission on sales at a gift shop. How much would she make in a workweek if s
lilavasa [31]

Answer:

712

Step-by-step explanation:

400+6.5%of 4800

312+400=712

6 0
2 years ago
Will someone help me
faust18 [17]

Answer:

1.one solution

2.no solution

3.ifinitly many

Step-by-step explanation:

8 0
2 years ago
Read 2 more answers
Drag a number to each box to complete the product. Numbers may be used more than once. 0.4764.7647.64764,760 Equation Product 47
ryzh [129]

Answer:could you  maybe simplify the question

Step-by-step explanation:

8 0
2 years ago
Rewrite 67/10 as an improper fraction.
r-ruslan [8.4K]
10 goes into 67 six times making it  6  7/10, which cannot be simplified. Therefore, if can be left as it is, an improper fraction 67/10, or a mixed number 6  7/10.
8 0
3 years ago
Read 2 more answers
Name the multiplication property shown the equation 12 • m = m • 12.
Levart [38]

Answer:

a. commutative

Step-by-step explanation:

rearranging of elements in an equation

5 0
3 years ago
Other questions:
  • Answer asap and right plz
    12·1 answer
  • Find a average daily rainfall for a 30 days month if the total rainfall during that period was 16.8 inches.
    12·1 answer
  • Evaluate [(21 + 6) − 32] ÷ 9 ⋅ 2.<br><br> A 4<br><br> B 4.6<br><br> C 1<br><br> D 52
    13·2 answers
  • Find the volume of the prism at right all angles are right angles.....
    14·2 answers
  • A population of rabbits triples every month the populations truck with two rabbits how many rabbits are they there after three m
    12·1 answer
  • F(1)=6;f(n)=f(n−1)−2
    14·1 answer
  • Helpp me please
    13·1 answer
  • Hai again! I have 2 question, one is a present!
    14·2 answers
  • Which of the following is a solution to the inequality?5x-10&lt;20
    14·1 answer
  • Write the symbols for the probability that of all the outfielders, a player is not a great hitter.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!