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svlad2 [7]
3 years ago
14

A 30-year-old female purchased a 20-Year Endowment insurance policy at the age of 23. The face value of the policy was $78,250.

She asks her insurance agent for the extended term nonforfeiture option. Given the table below and the permanent insurance amount of $37.80 per thousand, determine the annual premium and the Extended Term.
A 5-column table with 4 rows titled 20-year endowment options. Column 1 is labeled End of year with entries 7, 10, 15, 20. Column 2 is labeled option 1 cash value (dollars) with entries 226, 364, 687, 1000. Column 3 is labeled Option 2 Reduced paid-up insurance (dollars) with entries 421, 562, 834, 1000. Column 4 is labeled option 3 extended term years with entries 26, 31, 37, life. Column 5 is labeled option 3 extended term days with entries 10, 182, 50, life.
a.
Annual Premium of $2,532.10; 31 years and 182 days
c.
Annual Premium of $3,210.23; 37 years and 50 days
b.
Annual Premium of $2,957.85; 26 years and 10 days
d.
Annual Premium of $3,298.54; Life
Mathematics
2 answers:
FrozenT [24]3 years ago
8 0

Answer:

B

Step-by-step explanation:

Annual Premium of $2,957.85; 26 years and 10 days

Igoryamba3 years ago
8 0

Answer:

B). Annual premium of $2957.85; 26 years and 10 days

Step-by-step explanation:

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A baker brought some butter. He used 360 grams to make some pastry. This was 5/6 of the butter he had. How much butter did he bu
DIA [1.3K]

(5/6)x = 360
x = 432 grams [multiply both sides by 6/5]
5 0
2 years ago
Read 2 more answers
Plz help me with this
Nana76 [90]
This question is not even trying to test your arithmetic.  It's just testing
to see whether you know how to read numbers in words properly.

When you read numbers in words, the only time you ever say "and"
is for a decimal point.  There are no decimals in this question, so the
"and" is not a part of any numbers.

The question gives you two numbers. The word "and" is the marker
that's BETWEEN them.  The two numbers are 1,300 and 950 .

The first thing the question wants you to do is write the numerical
expression for all the words.  That's    (1300 - 950) / 4 .

The next thing you're supposed to do is"evaluate the expression" ...
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3 0
3 years ago
Find the slope and y intercept of the line 6x+ 2y=-88
Vedmedyk [2.9K]
6x + 2y = -88
2y = -88 -6x
y=-88/2 -6/2x
y= -44 - 3x
y = -3x - 44

Y intercept = -44
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7 0
3 years ago
John Calipari, head basketball coach for the 2012 national champion University of Kentucky Wildcats, is the highest paid coach i
MrRissso [65]

Answer:

A) sample mean = $1.36 million

B) standard deviation = $0.9189 million

C) confidence interval = ($1.93 million , $0.79 million)

*since the sample size is very small, the confidence interval is not valid.

Step-by-step explanation:

samples:

  1. $2.7 million
  2. $2.4 million
  3. $2.2 million
  4. $2 million
  5. $1.5 million
  6. $1.5 million
  7. $0.5 million
  8. $0.5 million
  9. $0.2 million
  10. $0.1 million

sample mean = $1.36 million

the standard deviation:

  • $2.7 million - $1.36 million = 1.34² = 1.7956
  • $2.4 million - $1.36 million = 1.04² = 1.0816
  • $2.2 million - $1.36 million = 0.84² = 0.7056
  • $2 million - $1.36 million = 0.64² = 0.4096
  • $1.5 million - $1.36 million = 0.14² = 0.0196
  • $1.5 million - $1.36 million = 0.14² = 0.0196
  • $0.5 million - $1.36 million = -0.86² = 0.7396
  • $0.5 million - $1.36 million = -0.86² = 0.7396
  • $0.2 million - $1.36 million = -1.16² = 1.3456
  • $0.1 million - $1.36 million = -1.26² = 1.5876
  • total $8.444 million / 10 = $0.8444 million

standard deviation = √0.8444 = 0.9189

95% confidence interval = mean +/- 1.96 standard deviations/√n:

$1.36 million + [(1.96 x $0.9189 million)/√10] = $1.36 million + $0.57 million = $1.93 million

$1.36 million - $0.57 million = $0.79 million

7 0
3 years ago
A bag contains 2 blue, 4 green, and 3 white chips. What is the probability of drawing a blue chip, replacing it, then drawing a
Brrunno [24]
2 blue, 4 green, 3 white....total of 9 chips

P(blue) = 2/9
replacing
P(green) = 4/9

P(both events happening) = 2/9 * 4/9 = 8/81 <==
4 0
3 years ago
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