The value is formed by the the particular belief related to an idea or behaviour.
Explanation:
The values are the principles, standards or qualities of an individual or group of people hold. They are our own words, thoughts or actions. It is very important because they helps us to grow and develop. the decisions are made based on the values and beliefs.
The values comes from various sources such as family, workplace, educational institution, music, media, technology, culture and so on.
The most important common values are integrity, respect, excellence, responsibility. The values mainly focuses on the person's behaviour and attitude in all situations.
Inflation.
stagnation means to stay still, which it didn't. depression was before the 80's, our unemployment rate shouldn't really effect prices that drastically.
Answer:
$233,677,865.61
Explanation:
The computation of the present value of this liability is given below:
As we know that
Future value = Present value × (1 + rate)^number of years
So,
Present value = Future value ÷ (1 + rate)^number of years
= $568,000,000 ÷ (1 + 6.1%)^15
= $568,000,000 ÷ 2.430696628
= $233,677,865.61
Answer:
The surrender cash value is used for the extended term option.
Explanation:
This is where the nonforfeiture clause comes to policyholders aid. The nonforfeiture clause allows the policy holder who has not made payment of premiums within the grace period to be able to get the cash value of his whole life policy(with already paid premiums), recovered either by cash or extended term option or any other agreement made prior. The cash value of his whole life policy could be applied to the extended term option, allowing the policy holder to get a term insurance policy worth the value of his surrender whole life policy minus any loans against it.
