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 72 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
Gracias!

dyrone

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

The average adult has about 21 square feet of skin.

The life cycle of a flowering plant, illustrated by the genus Polygonum The life cycle of a flowering plant, illustrated by the genus Polygonum
Alternation of generations, the plant life cycle Alternation of generations, the plant life cycle
Early in the twentieth century, when malnutrition was common, companies such as this one advertised Early in the twentieth century, when malnutrition was common, companies such as this one advertised
Molecular tree of life Molecular tree of life
Nine $10 000, 4% bonds with interest payable semi-annually and redeemable at par are purchased ... Nine $10 000, 4% bonds with interest payable semi-annually and redeemable at par are purchased ...
Plant life cycle Plant life cycle
Video: Oogenesis Animation

For a complete list of videos, visit our video library