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]
2 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]2 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
A 12-month insurance policy was purchased on Dec. 1 for $4,800 and the Prepaid insurance account was initially increased for the
Marianna [84]

Answer:

Credit to Prepaid insurance for $400 and Debit to Insurance expense for $400

Explanation:

The journal entry is given below:

Insurance expense ($4800 × 1 ÷ 12) $400  

       Prepaid Insurance  $400

(To record insurance expense)

Here the insurance expense is debited as it increased the expense and credited the prepaid insurance as it decreased the assets

4 0
3 years ago
what a successful entrepreneur's profile is and to determine whether your personal characteristics fit that profile. I
ANTONII [103]

Answer:

Explanation:

A successful entrepreneur’s profile is characterized of the following:  

1) Self-control: this is the belief that you can do a certain job better than others in the most accountable and responsible manner.

2) Self-confidence: it refers to the never-ending spirit of urgency to develop ideas

3) Realism: it refers to the acceptance of the things as they occur and dealing with them cautiously.  

4) Conceptual capability: it refers to an entrepreneur’s ability to recognize relationships swiftly even in the midst of difficult situations.  

5) Comprehensive awareness: it refers to the ability to understand complicated situations through planning, strategic decision making, and pursuing multiple business ideas concurrently.  

7 0
3 years ago
Uncle Fred recently died and left $280,000 to his 45-year-old favorite niece. She immediately spent $80,000 on a town home but d
Marrrta [24]

Answer:

6.06%

Explanation:

The computation of the rate of return is shown below:

Given that

NPER = 20 years

PV = ($280,000 - $80,000) = $200,000

PMT = $0

FV = $75,000 × PVIFA factor at 10% for 21 years

= $75,000 × 8.6487

= $648,652.50

The following formula should be applied

= RATE(NPER;PMT;-PV;FV;TYPE)

The present value comes in negative

After applying the above formula, the rate of return is 6.06%

7 0
3 years ago
Following is an extract of account balances of Wilson Mowing Services as of December 31 of the first year of operation. Accounts
Nataly [62]

Answer:

$32,300

Explanation:

With regards to the above, the amount of total assets is the addition of current assets + Fixed assets.

= Accounts receivables + Cash + Truck equipment

= $7,000 + $7,300+ $8,000 + $10,000

= $32,300

Therefore ,

Total assets = $32,300

8 0
3 years ago
Refer to lynn bernerd, inc. initially, the managers believed that ____ would be the best option for entering the foreign market.
mojhsa [17]
<span>They originally felt that licensing would be the best first step. By letting other companies use their product in exchange for paying royalty fees, Bernerd was licensing its product out for those companies to take advantage of the company's name.</span>
7 0
2 years ago
Other questions:
  • In which of the following situations would you prefer to be the​ lender? A. The interest rate is 4 percent and the expected infl
    5·1 answer
  • Milk is an input in the production of cheese, and cheese and bagels are complements. A decrease in the price of milk will ______
    13·1 answer
  • What are capital gains on an investment?
    10·1 answer
  • Current Attempt in Progress Restate the following income statement for a retailer in contribution format. Sales revenue ($100 pe
    6·1 answer
  • Under which circumstance would someone need disability insurance?
    12·2 answers
  • Mike is arrested at a warehouse in North Industrial Park and is charged with the crime of theft. Mike will be prosecuted bya. th
    7·1 answer
  • Selected transactions for the Ecker Company are listed below.
    11·1 answer
  • Olive Enterprises experienced the following events during Year 1: Acquired cash from the issue of common stock. Paid cash to red
    13·1 answer
  • Janelle make $648 commission when she sold $32,400 worth of insurance. What rate of commission did she make
    13·1 answer
  • From the buyers point of view the best quality is
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!