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 121 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
YES! Correct, THANKS for helping me on my review

connor417

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

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

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Salt glands as an adaptation for marine life. Salt glands as an adaptation for marine life.
Rural Life Rural Life
Life cycle of the beef tapeworm (Taenia saginata). Life cycle of the beef tapeworm (Taenia saginata).
Generalized life cycle for land plants Generalized life cycle for land plants
Life cycle of Dictyostelium discoideum, a cellular slime mold Life cycle of Dictyostelium discoideum, a cellular slime mold
Oxidative stress can begin in childhood and lead to progressive damage throughout life Oxidative stress can begin in childhood and lead to progressive damage throughout life
Video: How eudicots (true dicots) differ from monocots Animation

For a complete list of videos, visit our video library