you are the owner of a rapidly growing e-commerce business and you are looking for ways to customize your ads. since your team i
1 answer:
You might be interested in
Answer:
The value of the policy assuming the proposed rates is 142,769.63
Explanation:
Time line:
<--/--/--/--/--/--/----------------------------------------------------------//-->
We have 6 payment and then, a lump sum capitalize until age 65
First we calculatethe value up to the end of the six year:
First year:
Amount 1,576.47
Second year:
Amount 1,446.31
Third Year:
Amount 1,468.04
Fourth year:
Amount 1,346.83
Fifth year:
Amount 1,354.43
Six year:
Amount 1,242.60
Sum at the end of the six year: 7,080.25
<u>Then this capitalize up to 65 birthday:</u>
from the seventh birthday up to the 65th birthday
65 - 7 = 58 years
Principal 8,426.68
time 58.00
rate 0.05000
Amount 142,769.63