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 80 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 :)

ebonylittles

  • Member
  • Posts: 318
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Sporic life cycles Sporic life cycles
The Scale of Life 2 The Scale of Life 2
These young adults look forward to a life together as they celebrate their wedding These young adults look forward to a life together as they celebrate their wedding
U.S. Life Expectancy by Year of Birth U.S. Life Expectancy by Year of Birth
Historical Life Expectancy Historical Life Expectancy
Video: What are Strong & Weak Acids and How they're different?

For a complete list of videos, visit our video library