2 years ago

Why is term life insurance better than whole life insurance?

1 answer:

5 0

Answer: Term life is “pure” insurance, whereas whole life adds a cash value component that you can tap during your lifetime. Term coverage only protects you for a limited number of years, while whole life provides lifelong protection—if you can keep up with the premium payments.

Explanation:

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On December 31, 2021, Interlink Communications issued 5% stated rate bonds with a face amount of $113 million. The bonds mature

Kazeer [188]

Answer:

Bond Price = $97.4457408 million rounded off to $97.45 million

Explanation:

To calculate the price of the bond today, we will use the formula for the price of the bond. We assume that the interest rate provided is stated in annual terms. As the bond is an annual bond, the coupon payment, number of periods and annual YTM will be,

Coupon Payment (C) = 113 million * 0.05 = 5.65 million

Total periods (n) = 30

r or YTM = 0.06 or 6%

The formula to calculate the price of the bonds today is attached.

Bond Price =5.65 * [( 1 - (1+0.06)^-30) / 0.06] + 113 / (1+0.06)^30

Bond Price = $97.4457408 million rounded off to $97.45 million

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2 years ago

Sigma Corporation owns 80% of the stock of Epsilon Corporation, which pays it a dividend of $100,000. Sigma Corporation also own

kvv77 [185]

Answer:

d. $132,000

Explanation:

Sigma Corporation holds the stock of Epsilon Corporation and is subsidiary for the Sigma. The dividend declared by of $100,000 is entirely for the sigma whereas Sigma Corporation also holds 20% of the shares of Intergalactic Corporation. The dividend of $40,000 will be calculated in the dividend amount of Sigma but 20% will be deducted.

$100,000 + $40,000 * 80% = $132,000

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3 years ago

To close the drawing account with a debit balance, credit the account for its balance and debit the owner's capital account. tru

pav-90 [236]

False is the answer.

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3 years ago

Wyatt's annual take-home pay is $39,000. what is the maximum amount that he can spend per month paying off credit cards and loan

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650 is the answer, hope this helps

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2 years ago

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The total interest that accumulates over time on both the principle money deposited and accumulating interest in an interest-bea

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Answer:

coumpobd interest

Explanation:

because over time on both the principle money deposited and accumulating interest in an interest-bearing savings account

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2 years ago