<span>The policy owner of an adjustable life insurance policy wants to increase the death benefit which can be increased when you can prove insurability. A death benefit is what is paid to someone known as a beneficiary if an insured person dies. When you have insurance you set up an individual or list of individuals that are able to collect on your behalf if you die while insured. </span>
Videotapes, Physical evidence (something with possible DNA), Pictures.
Answer:
PV= $450,909.1
Explanation:
Giving the following information:
Cash flow (Cf)= $24,800
Growth rate (g)= 3.5%
Discount rate (i)= 9%
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<u>To calculate the present value, we need to use the following formula:</u>
PV= Cf / (i - g)
PV= 24,800 / (0.09 - 0.035)
PV= 24,800 / 0.055
PV= $450,909.1
Answer:
$213451.2
Explanation:
9.8% of the savings monthly
9.8/100 X 360
35.28
total monthly savings = 360 + 35.28
= 395.28
So, for the next 45 years, total amount in account
= 45 X 12
= 540 months
Total account for 45 years
= 540 X 395.28
= $213451.2
Answer:
Dr interest expense $5,756.25
Cr cash $5,250
Cr Discount on bonds payable $506.25
Explanation:
Amortization of discount=$10,125/10 years*6/12=$506.25
The 6/12 implies that the amortization takes place every six months instead of annually.
The semiannual interest payment=$150,000*7%*6/12=$5,250
The interest payment would be credited to cash $5,250 and debited to interest expense for the year.
The amortization of discount would be credited discounts on bonds payable and credited to interest expense account as shown above in the answer section