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Lelechka [254]
3 years ago
5

If a client chooses to pay premiums other than annually, what can he or she expect?

Business
1 answer:
Semenov [28]3 years ago
6 0

Answer:

More payment

Explanation:

In line with the time-value of money you pay more when you pay your premiums monthly because you pay an interest on the annual amount. There is always an interest charged for the administrative costs of processing your 12 monthly payments as opposed to 1 annual payment of the insurance premium

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Edgar accumulated $5,000 in loan debt. If the interest rate is 20% per year and he does not make any payments for 2 years, how m
hodyreva [135]

Answer:

Edgar

The amount he will owe on this debt in 2 years for quarterly compounding is:

= $7,387.28

Explanation:

Accumulated loan debt = $5,000

Interest rate per year = 20%

Period of loan = 2 years

Interest compounding = quarterly

From an online financial calculator:

N (# of periods)  8

I/Y (Interest per year)  20

PV (Present Value)  5000

PMT (Periodic Payment)  0

Results

FV = $7,387.28

Total Interest $2,387.28

3 0
3 years ago
How should Kane work with the salespeople to introduce the change?
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4 years ago
According to hofstede's dimensions of cultural personality, cultures that are __________ are assertive and competitive.
ra1l [238]

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3 years ago
A new ad for the shampoo brand Better Not Younger focuses on how its products make aging hair feel softer, which is the ________
Anvisha [2.4K]

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In this case, Better Not Younger focuses on how its products make aging hair feel softer, therefore thus is the product benefit as this is what the consumers will enjoy when they purchase it.

7 0
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As mentioned in the video, the US produces an annual "List of Goods Produced by Child Labor or Forced Labor." How effective do y
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Answer and Explanation:

By publishing the "List of Goods Produced by Child Labor or Forced Labor" the American government is able to raise awareness among the population that, although child labor is something inconceivable in American society, it still happens with great intensity in various places around the world. This allows the population to become aware of this situation and to stop buying products produced by companies that finance and allow child labor to happen. When they stop using these products, companies suffer a decrease in demand, which can cause significant changes in the production and in the lives of children who need to work.

While consumer pressure at companies that allow child labor is effective, pressure from political and commercial authorities is more effective in bringing about change and ensuring the protection of children, as these authorities can promote severe punishments for those who allow this to happen.

7 0
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