For a lifetime life insurance purchased by someone aged 40, some of the following information is provided: • The death benefit is paid at the end of the year of death of $35000 if you die at age 20 year from first contract, $70000 if dies after 20 years of contract. • Premiums with the same amount are paid on average twice a year for a maximum of 20 years as long as they are alive. ä40 = 18,458 60= 14,904 ä50 = 17,025 ä(2) 40:201 = 19,628 ä(2)50:101 = 17,553 20E40 0,36663 10E50 0,60182 i = 0,05 Calculate the benefit reserve at time 10, that is 10V, using the prospective method! =

Q: The agreement for leasing a new car with a purchase price of $20,000.00 includes a down payment of…

A: It is provided: The purchase price is $20000.00. The down payment is $3500.00. The monthly payment…

Q: a land developer declared a dividend of 10,000,000 for its common stock. Suppose there are 600,000…

A: Given, a land developer declared a dividend of 10,000,000 for its common stock. Suppose there are…

Q: John's annual premium is $1004.  If he pays semi-annually, there is a $1 per payment surcharge.…

A: See the detailed solution below.

Q: On June 10, 2010 The Boston Globe reported that in the five years between 2006 and 2011 Boston…

A: We have given raises per year so we have to find overall raise from 2006 to 2011.

Q: A bank requires a monthly payment of $47.07 on a $2900 loan. At the same rate, find the monthly…

A: A bank requires a monthly payment of $47.07 on a $2900 loan. At the same rate, To find the monthly…

Q: a credit card bill for $655 was due on April 14th. Purchases of 152.56 were made on April 19th.The…

A: Note that it is given that the first payment made after April 14th was on April 19th. This implies…

Q: Melissa Sorez, age 42, takes out a $300,000 five-year term insurance policy. What is her annual…

A:

Q: Kennedy's monthly bank statement showed the following deposits and withdrawals: −−$82.17, $113.87,…

A: Kennedy's monthly deposits and withdrawals are as follows :                         −…

Q: Apex Bank checking accounts pay 0.4% interest on all balances and charge the following fees: Check…

A: Give the answer using the above information

Q: Find the gross income, the adjusted gross income, and the taxable income. Suppose your neighbor…

A: Given that, Wages=$319,150Interest earned=$1790Tax-deferred retirement plan=$4100Personal…

Q: Linda deposited $4,000 into an with 3.8% interest, composnded semiannually ace oja t are made…

A: Given that  Deposited Amount=$4000 Interest rate compounded semi-annually=3.8% To find The amount in…

Q: Ms. Asma is paying the premium of her car insurance company four (4) times a year. We can call it as…

A: quarterly is computed for or payable at 3-month intervals

Q: Danny creates up an investment arrangement for a friend that will return $5000 the first year, $6125…

A: We are given that the returns during the first year are $5000, during the second year are $6125, and…

Q: An invoice dated November 25, 2021 for $2.022 had the terms 3/15, 1.5/30, n45 EOM, What amount must…

A: Please see the attachment

Q: Under the current tax plan, the person pays 26% flat income tax on their salary. Under a proposed…

A: Under the current tax plan, the person pays 26% flat income tax on their salary. Under a proposed…

Q: The annual interest rate on a credit card is 13 99% If a payment of $200.00 is made each month, how…

A: Please refer to the solution in next step.