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

Author Question: Parker Manufacturing buys life insurance policies for their top three employees. They purchase ... (Read 58 times)

Collmarie

  • Hero Member
  • *****
  • Posts: 569
on: Jun 24, 2018
Parker Manufacturing buys life insurance policies for their top three employees. They purchase 225,000 term policies for each employee, quoted at 3.37 per 1,000 for one year. How much will the monthly premium be for all three employees?
 A) 63.19
  B) 189.56
  C) 758.25
  D) 2,274.75

Question 2

What is the annual premium for a 125,000 term life insurance policy quoted at 2.95 per 1,000?
 A) 328.75
  B) 368.75
  C) 2,950.00
  D) 4,425.00


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cclemon1

  • Sr. Member
  • ****
  • Posts: 312
Reply #1 on: Jun 24, 2018
Answer to Question 1

B

Answer to Question 2

B


Collmarie

  • Member
  • Posts: 569
Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

vickybb89

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

These species are all at risk of extinction. Species with slow life-h These species are all at risk of extinction. Species with slow life-h
When the United States gets stuck over a controversial issue—usually something a divided Congress ca When the United States gets stuck over a controversial issue—usually something a divided Congress ca
Molecular tree of life Molecular tree of life
How to solve a half life problem involving exponential models (Question 1) How to solve a half life problem involving exponential models (Question 1)
Next Series: Digital Life Next Series: Digital Life
Truth of life Truth of life
Video: Brain Anatomy Animation (Part 1 of 2)

For a complete list of videos, visit our video library