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 103 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
:D TYSM

kjohnson

  • Member
  • Posts: 330
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th
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
Eighteen-year-olds were the largest age cohort in the first year of the war in both armies. Soldiers Eighteen-year-olds were the largest age cohort in the first year of the war in both armies. Soldiers
This cover of Life (1925) offered a stereotypical rendering of the new generation: a young couple .. This cover of Life (1925) offered a stereotypical rendering of the new generation: a young couple ..
CT imaging of glioblastoma in a 6-year-old girl. CT imaging of glioblastoma in a 6-year-old girl.
Foods for Baby’s First Year Foods for Baby’s First Year
Video: Bipolar Disorder

For a complete list of videos, visit our video library