I think it would be D-Reduce expences
Answer:
The monthly payment is $28,915.05
Explanation:
Loan amount: $500,000
Loan tenor: 30 years
Loan rate: 4% pa (fixed)
We can use excel to calculate the monthly amortizing payment by formula PMT
= PMT(loan rate,loan tenor, loan amount) = PMT(4%,30,500000)=($28,915.05)
Please see excel attached for the calculation
Answer:
$309,500
Explanation:
APBO/1/1 $245,000
Service cost $78,000
Interest cost ($245,000 × 10%) $24,500
Benefits paid($38,000)
APBO 12/31 $309,500
Therefore the amount of the APBO at December 31, 2018, was $309,500
The beneficiary of the policy is C. Raymond
Explanation:
Life insurance policies work on the bid of the death of a person in that they pay or the insurance until their death or its maturation period so when they do die the person who is viable to get it will get the money
The beneficiary of a life insurance is never the one who is taking it but someone who is related to them usually a member of the family they want to secure after they die.
So, the beneficiary stands to get all the money which is the case here with Raymond as it is him to whom the company will pay the money.
