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Taya2010 [7]
3 years ago
14

A fully discrete whole life insurance policy paying $50,000 at the end of the year of death is issued to an individual age 36. T

he net premium reserve at the end of 10 years is $8,000. The net premium for this policy is $900 and the net premium for an identical policy issued to an individual age 46 is P. The effective annual interest rate of interest is 6%. Determine P.
Business
1 answer:
DerKrebs [107]3 years ago
6 0

Answer:

Our P = 17540 $

Explanation:

Amount of Insurance Policy = 50000$

premium reserve at 10th Year = 8000$

Net Premium for the policy = 900$

Annual Interest Rate = 6%

Net Premium at the age of 46 = ????

900 * 10 years = 9000$

9000 + Interest rate @ 6% = 9540$

Net Premium + Premium reserve of 10 Years = 9540 +8000 = 17540$

P = 17540 $

Note: As similar policy have interest rate @ 6%,which is paid every year,

At the age of 46, Net premium reserved amount also will be recovered.

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forsale [732]

Answer:

<u>$25,000 </u>

Explanation:

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The farmer’s sales of worth $25,000 will be included as apples in GDP, as the farmer sells the apples to individuals who take them to eat.

<u><em>GDP is abbreviated as gross domestic product.</em></u>

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<u><em>As, the $25,000 worth of apples of the farmer's sale is the monetary value of the apples produced  by the farmer in the country to sell to individuals for their consumption in their home. As private consumption is one of largest part of GDP.</em></u>

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8 0
3 years ago
Wasson Widget Company is contemplating the production and sale of a new widget. Projected sales are $300,000 (or 75,000 units) a
masya89 [10]

Answer:

3.52

Explanation:

Calculation to determine the target cost per unit?

Using this formula

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8 0
3 years ago
Byron is a wealthy tycoon who makes his money buying and selling stocks. This is an example of _____ income.
Orlov [11]
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3 years ago
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Today, sandra will present a report to her class on the top ten income-producing countries in the world. most of the countries t
Radda [10]

<span>The world’s richest countries are mostly found in Europe. Therefore Sandra will be presenting most of the countries located in <u>“Europe”</u>.</span>

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3 0
3 years ago
What is the foundation for the marketing plan?
malfutka [58]

Answer:

Market analysis

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8 0
3 years ago
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