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Author Question: A premium is A) the increase in cash value from investment returns. B) a return payment ... (Read 112 times)

fbq8i

  • Hero Member
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  • Posts: 527
on: Jul 11, 2018
A premium is
 
  A)
 
  the increase in cash value from investment returns.
  B)
 
  a return payment on the cost of the policy.
  C)
 
  a periodic payment for life insurance.
  D)
 
  not collected by mutual insurance companies.

Question 2

If you want to have 5,000 in 10 years, how much money must you put in a savings account today?
  (Assume that the savings account pays 4 and it is compounded daily; round to the nearest 1).
 
  A) 4,207 B) 4,102 C) 3,370 D) 3,352


IRincones

  • Sr. Member
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  • Posts: 321
Reply #1 on: Jul 11, 2018
Answer to Question 1

C

Answer to Question 2

D


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