Answer:
The insurance company should charge $1,873.5.
Step-by-step explanation:
Expected earnings:
1 - 0.99813 = 0.00187 probability of the company losing $1 million(if the client dies).
0.99813 probability of the company earning x(price of the insurance).
What premium would an insurance company charge to break even on a one-year $1 million term life insurance policy?
Break even means that the earnings are 0, so:
The insurance company should charge $1,873.5.
for number 7 on the paper is 450 over 300 and answer is 750 over 1 thats how the teachers tought me.
Answer:
m<U=70
Step-by-step explanation:
we know that the measure of the out side angle is equal to the measure of the 2 inside angles, so 120-50=70
Answer
The answer is x=5
Step-by-step explanation:
17x-3-x-9=68
Okay so first you need to combine similar terms.
So -3-9=-12
17x-x=16x
So then you get 16x-12=68
Add 12 on both sides
then you get 16x= 80
Divide by 16 on both sides
80/16=5
so then you get
x=5
A=p(1+i/k)^kn
24000=p(1+0.064/4)^4*15/12
24000=p(1.016)^5
P=24000/(1.016)^5
P=22,168.83
