At age 29, Wendi purchased a 20-year endowment insurance policy with face value of 230,000. She is now 32 and wants to cancel her policy. Determine the amount of reduced paid-up insurance to which she is entitled.
A) 15,070
B) 19,879
C) 22,310
D) 17,338
Question 2
Lee Lu is paid 12.50 per hour, with overtime pay of time-and-a-half for Saturday work and double time for Sunday. Calculate her gross pay if she worked 35 hours during the week, 5 hours Saturday and 3 hours Sunday. (Round your answer to the nearest cent)
A) 575.00
B) 587.50
C) 606.25
D) 750.00
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