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

Author Question: An insured 25 year old purchased a 20,00 . straight-life policy. Three years later she needed the ... (Read 36 times)

Bernana

  • Hero Member
  • *****
  • Posts: 530
on: Jun 24, 2018
An insured 25 year old purchased a 20,00 . straight-life policy. Three years later she needed the maximum loan available on the policy. Compute the amount the insured could borrow.

Question 2

An insured 26 year old purchased a 35,000 . 20-year endowment policy with premiums payable quarterly. How much more did the insured pay the insurance company during her lifetime than she would have paid had she chosen annual premium payments?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

djofnc

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jun 24, 2018
Answer to Question 1

300

Answer to Question 2

3,696


Bernana

  • Member
  • Posts: 530
Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review

epscape

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Available Fresh Water per year Available Fresh Water per year
Marine pollution threatens resources and marine life Marine pollution threatens resources and marine life
Modern fishing fleets deplete marine life Modern fishing fleets deplete marine life
Elizabeth, a married 35-year-old woman, always thought that she followed a sensible diet Elizabeth, a married 35-year-old woman, always thought that she followed a sensible diet
Analysts expect Virtucon to make payouts of $8.7643B at the end of this year. Assume that all ... Analysts expect Virtucon to make payouts of $8.7643B at the end of this year. Assume that all ...
Life cycle of Obelia, a hydrazoan that has alternating medusa (left) and polyp generations Life cycle of Obelia, a hydrazoan that has alternating medusa (left) and polyp generations
Video: Inflammation Animation

For a complete list of videos, visit our video library