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
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