« previous next »

Author Question: An insured 25 year old purchased a 50,000 . 20-payment life policy. Four years later he needed the ... (Read 92 times)

leilurhhh

  • Hero Member
  • *****
  • Posts: 560
on: Jun 24, 2018
An insured 25 year old purchased a 50,000 . 20-payment life policy. Four years later he needed the maximum loan available on the policy. Compute the amount the insured could borrow.

Question 2

An insured 25 year old purchased a 35,000 . 20-payment life policy. Five years later he needed the maximum loan available on the policy. Compute the amount the insured could borrow.


Li Jun

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 24, 2018
Answer to Question 1

3,400

Answer to Question 2

3,255


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

leilurhhh

  • Hero Member
  • *****
  • Posts: 560
Reply #2 on: Jun 24, 2018
Correct answers!


Li Jun

  • Sr. Member
  • ****
  • Posts: 335
Reply #3 on: Jun 24, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

DNA replication is the basis for the perpetuation of life through time DNA replication is the basis for the perpetuation of life through time
Life-cycle of the Sun; sizes are not drawn to scale. Life-cycle of the Sun; sizes are not drawn to scale.
Success Later in Life Success Later in Life
U.S. Life Expectancy by Year of Birth U.S. Life Expectancy by Year of Birth
Life Expectancy in Global Perspective Life Expectancy in Global Perspective
One year ago, Christos bought 1000 units of the Dominion Aggressive Growth Fund at $20.35 per ... One year ago, Christos bought 1000 units of the Dominion Aggressive Growth Fund at $20.35 per ...
Video: Factors that influence muscle tension - Sarcomere length and force, understretched and overstretched

For a complete list of videos, visit our video library