1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
emmainna [20.7K]
3 years ago
8

Joshua is 25 years old and has a high risk job making $72,000 a year. The insurance company charges him an extra 20% on top of h

is premium rate because of his job. If Joshua wants a policy that will replace five years of his salary, what is the annual premium for the cheapest policy? For age 25, whole life for male is 15 dollars and 38 cents, 20-payment life is 26 dollars and 40 cents, and 20-year endowment is 34 dollars and 2 cents. A. $1,107 b. $1,328 c. $5,537 d. $6,644.
Business
1 answer:
klio [65]3 years ago
4 0

The correct answer is D. The annual premium for the cheapest policy is $6,644.

A life insurance policy can pay out in the event of the insured's death, whether or not before a specific date, or if the insured is alive on a specific date.

A life insurance policy can also be a mixture of both, in that case it pays out both when you are alive and when you die earlier. Finally, a life insurance policy can provide a periodic payment as long as the insured person is alive or precisely from the moment the insured person dies.

Learn more about insurance in brainly.com/question/13293881

You might be interested in
Which statement below best answers the economic question "How to produce"?
FromTheMoon [43]

Answer:

An artisan uses local wood from a sustainable tree farm to make products.

(third option listed)

Explanation:

<em>Producing </em>is the actual making of something, and so the question of "How to produce?" can be best answered by an explanation of the production process.

So, "An artisan uses local wood from a sustainable tree farm to make products." describes the process of production--how the artisan is making their products.

read more about production at brainly.com/question/1462676

hope this helps!!

4 0
2 years ago
If the MPC in an economy is 0.8, government could close a recessionary expenditure gap of $100 billion by cutting taxes by
QveST [7]

Answer:

cutting taxes by $125 billion

Explanation:

given data

economy = 0.8

expenditure gap = $100 billion

to find out  

cutting taxes

solution

we get here cutting or reduce taxes that is express as

cutting taxes = \frac{expenditure\ gap}{MPN\ economy} ......................... 1

cutting taxes = \frac{100}{0.8}    

solve we get cutting taxes

cutting taxes = $125 billion

so cutting taxes by $125 billion

8 0
3 years ago
What are capital gains on an investment?
docker41 [41]
<span>income that investors earn from buying and selling investments
</span>
3 0
3 years ago
Who can help me? It will be greatly appreciated.
Salsk061 [2.6K]
Hello!

I believe the correct answer is: Consumer Market.
(Confirmed by three resources).

I really hope this helped you out! :)
5 0
3 years ago
Although hargrove co. makes enough money to pay for everything it needs, it still chooses to have some debt and pay a larger por
lisov135 [29]
The best explanation for this decision is "financial leverage".

Financial leverage refers to the amount of debt that is used by an entity to purchase more resources. Leverage is utilized to abstain from utilizing excessively value to support operations. An intemperate measure of money related use expands the danger of disappointment, since it turns out to be more hard to repay debt.
6 0
3 years ago
Other questions:
  • The Anderson family wants to look at their cash flow over a year. They decide to write out their cash flow for 4 months as given
    5·2 answers
  • By how much did annualized consumption decline in november of 2008 when gdp was $14 trillion?
    12·1 answer
  • The salaries of employees who spend all their time working in one department are:
    5·1 answer
  • A component of legal writing that refers to and credits authoritative documents and legal sources is called a (1 point)
    15·1 answer
  • 1. You’ve been hired by Nielsen Company to study the market for potatoes. Demand in the potato market is characterized by the de
    13·1 answer
  • A local government sells bonds having a face value of $1,000,000 at par. The bond proceeds will be accounted for in a Capital Pr
    6·1 answer
  • The model of monopolistic competition can characterize the market for plumbing services in a city. Suppose that the market is in
    13·1 answer
  • A security has an expected rate of return of 0.10 and a beta of 1.1. The market expected rate of return is 0.08 and the risk-fre
    11·1 answer
  • Gene is a self-employed taxpayer working from his home. His net business profit is $7,000 before home office expenses. His alloc
    7·1 answer
  • Eyewitness testimony, diary entries, interviews, and surveys are examples of ______ sources.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!