Elaine Neumann, 25 years old, is considering purchasing either a ...

[yoroshambo]

Elaine Neumann, 25 years old, is considering purchasing either a 20-payment life or a 20-year endowment policy. If Elaine is willing to spend 600 per year on insurance premiums, how much more coverage can she purchase with 20-payment life than 20-year endowment? (Round to nearest thousand; Use Table 19-1 from your text)

Question 2

Jane receives a regular pay rate of 9.50 per hour. She receives overtime pay for any hours over 40 per week.  Jane worked the following hours:  Monday - 8 hours  Tuesday - 9.5 hours  Wednesday - 8.25 hours  Thursday - 8.25 hours  Friday - 8 hours  Saturday - 6 hours  Based on the information, Jane did not work overtime and receives a gross paycheck of 456.  
  Indicate whether the statement is true or false

[triiciiaa]

Answer to Question 1

7,000

Answer to Question 2

FALSE