This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: An insured 25 year old purchased a 60,000 . 20-payment life policy with semiannual premiums. Five ... (Read 91 times)

Awilson837

  • Hero Member
  • *****
  • Posts: 509
on: Jun 24, 2018
An insured 25 year old purchased a 60,000 . 20-payment life policy with semiannual premiums. Five years later he needed the maximum loan available on the policy. How much more had the insured paid in premiums than he could borrow on the policy?

Question 2

An insured 25 year old purchased a 30,00 . straight-life policy with annual premiums. Four years later she needed the maximum loan available on the policy. How much more had the insured paid in premiums than she could borrow on the policy?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

AaaA

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jun 24, 2018
Answer to Question 1

4,176
(16.26  60  2  5) - (93  60)

Answer to Question 2

1,404
(17.20  30  4  1) - (22  30)


Awilson837

  • Member
  • Posts: 509
Reply 2 on: Jun 24, 2018
Excellent

meganmoser117

  • Member
  • Posts: 303
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Landmarks in the evolution of life on Earth Landmarks in the evolution of life on Earth
two-host life cycles of plasmodium two-host life cycles of plasmodium
Preoperative photograph of a 43-year-old Caucasian male with necrotizing fasciitis on the day of ... Preoperative photograph of a 43-year-old Caucasian male with necrotizing fasciitis on the day of ...
How to choose the right payment plan with changing conditions (Question 4) How to choose the right payment plan with changing conditions (Question 4)
Life Expectancy in Developing Countries Life Expectancy in Developing Countries
The lytic and lysogenic life cycles of a temperate bacteriophage The lytic and lysogenic life cycles of a temperate bacteriophage
Video: Parathyroid hormone (bone resorption) & Calcitonin (bone deposition)

For a complete list of videos, visit our video library