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

Author Question: An insured 25 year old purchased a 20,00 . straight-life policy. Three years later she needed the ... (Read 37 times)

Bernana

  • Hero Member
  • *****
  • Posts: 530
on: Jun 24, 2018
An insured 25 year old purchased a 20,00 . straight-life policy. Three years later she needed the maximum loan available on the policy. Compute the amount the insured could borrow.

Question 2

An insured 26 year old purchased a 35,000 . 20-year endowment policy with premiums payable quarterly. How much more did the insured pay the insurance company during her lifetime than she would have paid had she chosen annual premium payments?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

djofnc

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jun 24, 2018
Answer to Question 1

300

Answer to Question 2

3,696


Bernana

  • Member
  • Posts: 530
Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review

chereeb

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Life Is Abundant in Soil Life Is Abundant in Soil
Checklist of Developmental Skills: Birth to 5 years Cont. Checklist of Developmental Skills: Birth to 5 years Cont.
Life cycle of Toxoplasma. Life cycle of Toxoplasma.
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 ...
Chelsea Donahue has a​ 20-year home mortgage of ​78,000 at​ 7.50% interest and will pay ... Chelsea Donahue has a​ 20-year home mortgage of ​78,000 at​ 7.50% interest and will pay ...
New year kid drawing New year kid drawing
Video: Mitosis step-by-step

For a complete list of videos, visit our video library