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Pachacha [2.7K]
2 years ago
15

Lisa Smith has her age listed on her driver's license as being three years younger than it actually is. This is also how old she

tells her insurance company she is. Her insurance company has discovered she lied about her age. What provision of her life insurance contract states that her benefits will be what her premium would have bought if she had been truthful about her age
Business
1 answer:
Lubov Fominskaja [6]2 years ago
4 0

Answer:

Misstatement of age

Explanation:

If the insurance company knows that a person has intentionally lied about his/her age, they will adjust the insurance amount and premium to match the correct age of the insured. E.g. in this case, Lisa will probably be required to pay a higher premium on her policy, and depending on her age, the insurance amount might be lower.

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The CSS/Financial aid PROFILE is a(n):
Alborosie

The CSS Profile, short for the College Scholarship Service Profile, is an online application created and maintained by the United States-based College Board that allows college students to apply for non-federal financial aid.
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Assume that you manage a risky portfolio with an expected rate of return of 15% and a standard deviation of 30%. The T-bill rate
bulgar [2K]

Answer:

The proportion of the investment is 100%.

Explanation:

This can be calculated using the following formula:

Rportfolio = (y * Rrisky) + ((1 - y) * Ttbill) ..................... (1)

Where;

Rportfolio = Overall portfolio expected rate of return = 15%. or 0.15

Rrisky = risky portfolio expected rate of return = 15%, or 0.15

Ttbill = T-bill rate = 10%, or 0.10

Substituting the values into equation (1) and solve for y, we have:

0.15 = (y * 0.15) + ((1 - y) * 0.10)

0.15 = 0.15y + 0.10(1 - y)

0.15 = 0.15y + 0.10 - 0.10y

0.15 - 0.10 = 0.15y - 0.10y

0.05 = 0.05y

y = 0.05 / 0.05

y = 1.00, or 100%

Therefore, the proportion of the investment is 100%.

6 0
2 years ago
How many times will interest be added to the principal in 1 year if the interest is compounded quarterly? A. 6 B. 12 C. 4 D. 3
nadezda [96]

Answer:

How many times will interest be added to the principal in 1 year if the interest is compounded quarterly?  C. 4

Explanation:

Compounding means at the end of every term, the interest adds up to the Principal Amount. Compounded quarterly means, you do it for every three months. So after every three months, your interest will be added to principal.

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3 years ago
1. Should you have a separate checking and saving account?
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Back when interest rates were high, I had just one account. I had a money-market checking account that offered good interest rates and unlimited check writing. But those days are long gone.

I want as high an interest rate as I can get for my savings. In order to get those rates, I am using a money-market savings account. All such accounts I’ve seen restrict the number of transactions I can make in a month. I need to be able to pay bills, no matter how many of them there are — and I never ever want to pay fees for excess transactions!

So I have a separate checking account. It pays less than half the interest rate of my savings account, but I can make as many transactions as I want. The bank offers a bill pay application that I use for most payments, and I can write as many checks as I want to. I can transfer money between the accounts quickly.

5 0
2 years ago
Make or BuyBlasingham Company is currently manufacturing Part Q108, producing 35,000 units annually. The part is used in the pro
muminat

Explanation:

The computation is shown below:

Particulars                   Cost Per unit in ($)

Direct Materials           $6

Direct Labor                  $2  

Variable Overhead  $1.5

Fixed Cost  ($77000 ÷ 35,000 units) $2.2

Total Cost per unit                                 $11.7

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1. He will buy the product as it is a saving of $0.7 ($11.7 - $11)

2) The most price willing to pay is $11.7

3) And, There is increase in income by $24,500 by multiply the 35,000 units with the $0.7 per unit in case of buying the part

7 0
2 years ago
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