Answer:
B. 3.99x10^-6
Step-by-step explanation:
Answer:
Viatical settlement
Step-by-step explanation:
Here Barney sold his life insurance to 3rd party for less net death benefit value.
He entered into the arrangement called - viatical settlement
A viatical settlement is the sale of a life insurance policy to a third party. The owner of the life insurance policy sells the policy for cash benefit, thus making the buyer the new owner of the policy who will get death benefits.
Log b 18 = logb 2 * 3 * 3
When multiplying logs, they are added together so:
logb 2 * 3 * 3 = logb 2 + logb 3 + logb 3
Logb 2 is given as 0.4307 and logb 3 is 0.6826
Now we have 0.4307 + 0.6826 + 0.6826 = 1.7959
Logb 18 = 1.7959
