Mr. Kurris is 50 years old. In four years, his house will be paid off and his daughter will be finished with collage. He wants to take out a five-year level-term life insurance policy with a face value of $750,000. The monthly premium is $61.

Answers

Answer 1

Complete question is;

Mr. Kurris is 50 years old. In 4 years, his house will be paid off and his daughter will be finished with college. He wants to take out a 5-year level-term life insurance policy with a face value $750,000. The monthly premium is $61,

a. What will be his total cost for this policy over the 5-year period?

b. If he dies after paying for the policy for 16 months, how much will the insurance company pay his beneficiaries?

c. If he does not die during the 5 years, how much does the insurance company make on this policy?

d. If he dies after paying for the policy for 13 months, how much will the insurance company lose on this policy?

Answer:

A) $3660

B) $750000

C) $3660

D) $749,207

Step-by-step explanation:

A) Since he wants to take out a five-year level-term life insurance policy, then number of payments for 5 years is;

12 months × 5 = 60 payments.

Since monthly premium is $61, then total cost = 61 × 60 = $3660

B) This is a level-term life insurance policy and so he will be paid the same amount over the entire period of the insurance policy.

Thus If he dies after paying for the policy for 16 months, his beneficiaries will still be paid same $750000

C) if he does not die during the 5 years, the amount the insurance company will make is same as the amount he is due for his premium which is $3660.

D) If he dies after paying for the policy for 13 months, amount that the insurance company will lose is;

>> 750000 - 13(61) = $749,207


Related Questions

What is the image point of (2,7) after a translation left 4 units and up 2 units?

Please hurry ASAP no links

Answers

Answer:

Coordinates of the image point → (-2, 9)

Step-by-step explanation:

If a point (x, y) is translated by 'h' units left and 'k' units up then the rule for the translation will be,

(x, y) → (x - h, y + k)

Rule for the translation of a point (2, 7) by shifting 4 units left and 2 units up will be,

(2, 7) → (2 - 4, 7 + 2)

        → (-2, 9)

Coordinates of the image point → (-2, 9)

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How many coins make $7.68 in cents

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768 pennies my dudeeee

Given the conversion factor 12/1 in over 1ft, which cube has the larger surface area?

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Answer:

Solid A

Step-by-step explanation:

3 feet is 3 x 12 = 36 inches, which is less than 48 inches, so solid A has a larger surface area than solid B.

What is the least common multiple of the two denominators 6/8 and 4/32, only answer are 18, 8, 32, and 12 which one there are no 4

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Answer:

32

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Step-by-step explanation:

Answer:

the correct answer is 32

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Answer:

4  Hope that helped

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What number has a value less than 14.7?​

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Answer:

Anything below 14.7

Step-by-step explanation:

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Answers

Answer:

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Step-by-step explanation:

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A pet store owner had her staff count the number of fish in each tank. Which interval has the fewest tanks?

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explanation:

What type of graph is best to use to show data that are parts of a whole?

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Answer:

Pie charts

Step-by-step explanation:

A Pie Chart. Pie charts are best to use when you are trying to compare parts of a whole.

Answer:a Pie Chart. Pie charts are best to use when you are trying to compare parts of a whole.

Step-by-step explanation:a Pie Chart. Pie charts are best to use when you are trying to compare parts of a whole.

the only solution to x² + bx + c = 0
is x = 5

work out the values of b and c​

Answers

Answers:

b = -10

c = 25

=================================================

Explanation:

If x = 5 is the only solution then (x-5) is the only factor. Turns out we have repeated solutions and repeated factors. Meaning (x-5)(x-5) = (x-5)^2 is what we're after.

Expand that out to get

(x-5)^2

x^2 - 5x - 5x + 25

x^2 - 10x + 25

Then compare this to x^2 + bx + c to find

b = -10

c = 25

If you were to solve x^2-10x+25 = 0, you'll find that x = 5 is the only root.

What is 66.6% as a fraction ( simplest form )

Answers

666/10 simplify it to 333/5 is your answer

What is that number in scientific notation form??

Answers

Answer:

D. 3.7 × 10⁶

Step-by-step explanation:

3.7 × 10⁶

3700000

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Answers

Answer:

Step-by-step explanation:

6 no

1.angle 2=92 degree(being vertically opposite angle)

2.angle 1+33+92=180(sum of interior angles of a triangle)

angle 1+125=180

angle 1=180-125

angle 1=55

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angle 3+92+205=360

angle 3+297=360

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angle 3=63

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Dawson has 3 more tokens than twice the number of tokens that Rachel has. Dawson has
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Answers

Answer:

9

Step-by-step explanation:

I think what they are asking is to subtract the 3 tokens from 21 tokens he already has giving us 18. and since it says "Twice the number of tokens" I'm assuming you divide 2 from 18 giving you 9 tokens.

Answer:

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Step-by-step explanation:

17

A ship from Port travels fot 60km on the bearing of 129°.It continues to travel and changes direction for another 50km on a bearing of 080°

Answers

Answer:

The ship is approximately 100 km to the Port.

Step-by-step explanation:

The sketch to the question gives a triangle with two sides and an included angle. Let the distance from the Port to the stopping point of the ship be represented by c. It can be determined by the application of cosine rule. Cosine rule states that:

[tex]c^{2}[/tex] = [tex]a^{2}[/tex] + [tex]b^{2}[/tex] -2ab Cos C

a = 50 km

b = 60 km

C = 51 + 80 = [tex]131^{o}[/tex]

So that;

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   =  6100 + 3936.6

[tex]c^{2}[/tex] = 10036.6

c = [tex]\sqrt{10036.6}[/tex]

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c = 100.18 km

Thus, the ship is approximately 100 km to the Port.

A recipe for lemonade requires 10 parts of water to every 6 parts of lemon juice. How many cups of water should be added to 30 cups of lemon juice to make the lemonade? I dont understand how many "parts" of water = 1 cup

Answers

Answer:

50 cups

Step-by-step explanation:

ratio of water to juice = 10 : 6 = 5 : 3

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The height of a refrigerator would be about?
A. 7 inches
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Answers

The correct answer is B. 7 feet

Answer:

i think its b) 7 feet

Step-by-step explanation:

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Answers

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Question 16 of 20
To the nearest hundredth, what is the circumference of a circle with a radius
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A. 43.98 units
B. 21.99 units
C. 35.75 units
D. 153.94 units

Answers

Answer:

43.98

Step-by-step explanation:

The circumference of a circle with a radius of 7 units is approximately 43.98 units, which corresponds to option A.

What is the Circumference of a circle?

The Circumference of a circle is defined as the product of the diameter of the circle and pi.

Given that the radius of the circle is 7 units, we can substitute this value into the formula:

To find the circumference of a circle, we can use the formula C = 2πr, where C represents the circumference and r represents the radius.

C = 2π(7) = 14π

Use the approximation π ≈ 3.14:

C ≈ 14(3.14) = 43.96

Rounding this value to the nearest hundredth, we get approximately 43.98 units.

Therefore, the circumference of a circle with a radius of 7 units is approximately 43.98 units.

Learn more about the Circumference of the circle here:

brainly.com/question/19794723

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Jensen goes to the store with $4. He buys 3 pencils for $0.70 each and
some erasers. Each eraser costs $0.50. Enter the maximum number of
erasers he can buy.

Answers

Answer:

3 erasers.

Step-by-step explanation:

Let p = pencils and e = erasers. Since we know that Jensen has $4, we can set up the following inequality and solve for e.

0.70p + 0.50e ≤ 4

0.70(3) + 0.50e ≤ 4

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Since erasers are usually bought as whole items, the maximum amount of erasers Jensen can buy is 3.

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Answer:

Step-by-step explanation:

a). Points on a number line are,

    x = -7, 1

    Number of small blocks between x = -7 and 1 is 8.

    Distance = 8

b). Difference between two points x = -7, 1 will be,

    1 - (-7) = 1 + 7

               = 8

    -7 - 1 = -8

c). Absolute value of each difference,

    |1 - (-7)| = 1 + 7

                = 8

    |-7 - 1| = |-8|

              = 8

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Answers

Answer:

37.5 meters

Step-by-step explanation:

depth of well : hours of digging

it dug to a point of -50 Meters in one day

= 50 meters : 24 hours

After 18 hours at how many meters would the rig

Let

x = depth that will be rigged

depth of well : hours of digging

= x meters : 18 hours

Equate the ratios

50 meters : 24 hours = x meters : 18 hours

50/24 = x/18

50 * 18 = 24 * x

900 = 24x

x = 900/24

x = 37.5

x = depth that will be rigged = 37.5 meters

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A: 5.0
B: 7.8
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D: 4.6

Answers

Answer:

D

Step-by-step explanation:

Using the cosine ratio in the right triangle

cos40° = [tex]\frac{adjacent}{hypotenuse}[/tex] = [tex]\frac{x}{6}[/tex] ( multiply both sides by 6 )

6 × cos40° = x , then

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Answers

Answer:

[tex]\frac{5\pi }{2}\:ft[/tex] (Option D)

Step-by-step explanation:

GIVEN :-

Angle subtended by the arc at center (θ) = 90°Radius of the circle = 5 ft.

TO FIND :-

Length of the arc

GENERAL FORMULAE TO BE USED IN THIS QUESTION :-

Lets say an arc subtends ∠θ at the center of the circle whose radius is 'r'.

[tex]=> Length \; of \; the \; arc = \theta \times \frac{\pi r}{180}[/tex]

SOLUTION :-

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Can you show me how to do this?
And explain lt to me like I'm 8 xD
appreciate it.
I hate math lol.

Answers

Answer:

Step-by-step explanation:

its (-1,-6)

this is your answer

PLEASE HELPPP, ITS DUE IN 1 HOUR!! I WILL GIVE BRAINLIEST!! LINKS=REPORT
PLEASE SOLVE FOR THE CHART AND GRAPH. PLEASE SHOW ON GRAPH

Answers

Answer:

3=6

4=8

5=10

6=12

graph 1

Step-by-step explanation:

Determine if the two triangles in the image above are similar. If so, what’s the correct postulate. SSS, SAS, AA, or None

Answers

Answer:

SAS

Step-by-step explanation:

If a movie begins at 5:10 p.m. and runs for 1 hour and 45 minutes, what time will the movie end?

(Answer:_:__p.m.)​

Answers

Answer:

6:55 p.m

Step-by-step explanation:

Hour connects with hour therefore, 5 + 1 = 6

Minutes connects with minutes thus, 10 + 45 = 55

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Answers

Answer:

2x

Step-by-step explanation:

(5,5) is a point (I reckon it is from the screenshot you sent at least)

(0,-5) is a point

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0 - 5 = -5

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Answer:

Two Possible Points:

5,5 and 6,7

7 - 5         2

____ = _____ = your slope is 2

6 - 5          1

When picking two points subtract the y(rise) from eachother first which will be your numerator and the x(run) from eachother in the same exact way you subtracted to the y which will be your denominator.

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