« previous next »

Author Question: Rigoberto's family would need 30,500 for annual living expenses if he should pass away. His wife ... (Read 71 times)

Destiiny22

  • Hero Member
  • *****
  • Posts: 557
on: Jun 24, 2018
Rigoberto's family would need 30,500 for annual living expenses if he should pass away. His wife earns 13,300 per year and the family has additional yearly income of 6,200 from investments. If the prevailing interest rate is 8.6, how much life insurance is needed to cover the family's income shortfall? (Round to nearest 1,000)

Question 2

Commission is a percentage method of compensation based on the number of sales the employee made in a period of time.
  Indicate whether the statement is true or false


janeli1

  • Sr. Member
  • ****
  • Posts: 330
Reply #1 on: Jun 24, 2018
Answer to Question 1

128,000

Answer to Question 2

TRUE


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Diversity within the family structure. Diversity within the family structure.
The Kingsley plantation, on Fort George Island in Jacksonville, Florida. Zephaniah Kingsley, the own The Kingsley plantation, on Fort George Island in Jacksonville, Florida. Zephaniah Kingsley, the own
Jan van Eyck, Giovanni Arnolfini and His Wife Giovanna Cenami. Jan van Eyck, Giovanni Arnolfini and His Wife Giovanna Cenami.
The Mulleta family of Ethiopia, described in the opening vignette. The Mulleta family of Ethiopia, described in the opening vignette.
Annual Energy Flow: Silver Springs Annual Energy Flow: Silver Springs
Energy flows from the environment into living organisms, then back to the environment Energy flows from the environment into living organisms, then back to the environment
Video: How to make cDNA Animation

For a complete list of videos, visit our video library