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DerKrebs [107]
3 years ago
15

1. Bob bought a $135,000 term life insurance policy. He is 35 years old and does not smoke. Find

Business
1 answer:
Sergio039 [100]3 years ago
7 0

Based on then information given his annual premium is $175,50.

<h3>Annual premium</h3>

Since he bought a life insurance policy of the amount of $135,000 his annual premium can be calculated as:

Annual premium per $1000 of coverage for a 35-year old = 1.30

Annual premium=Life insurance policy/1,000 ×1.30

Where:

Life insurance policy=$135,000

Let plug in the formula

Annual premium=$135,000/1,000×1.30

Annual premium= $175.50

Inconclusion his annual premium is $175,50.

Learn more about annual premium here:brainly.com/question/25280754

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Answer:

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Explanation:

Let IRR be x%

At IRR, present value of inflows = present value of outflows.  

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solving for x, we find:

x = 31%

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Answer:

b

Explanation:

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For example, a farmer selling oranges is an example of a price taking firm

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<h3>What is supply curve?</h3>

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However ,  the price is seen at the left vertical axis, of the curve and product's price that cause the supply curve of the good to shift.

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