If Yolanda's insurance company cancels her fire insurance policy after 204 days, how much of the $682.00 annual premium will she receive as a refund (in $)? (Round you answer to the nearest cent.) $
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If Yolanda's insurance company cancels her fire insurance policy after 204 days, how much of the $682.00 annual premium will she receive as a refund (in $)? (Round you answer to the nearest cent.)
$
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- You are the beneficiary of a life insurance policy. The insurance company informs you that you have two options for receiving the insurance proceeds. You can receive a lump sum of $50,000 today or receive payments of $641 a month for 10 years. You can earn 6.50% on your money. What option should you take and why?Leon's 6-month premium for auto insurance is $754.34, if he pays it all at once. If he decides that he wants to make payments, he will be charged a surcharge of $4 for each of the first 4 months, upon which time the 6-month premium needs to be paid in full. What is his premium for each of the first four months if he decides to pay the minimum? 6. а. $189.59 b. $192.59 С. $758.34 d. $126.72You are the beneficiary of a life insurance policy. The insurance company informs you that you have two options for receiving the insurance proceeds. You can receive a lump sum of $200,000 today or receive payments of $1,400 a month for 20 years. You can earn 6 percent on your money. Which option should you take and why?
- You are the beneficiary of a life insurance policy. The insurance company informs you that you have two options for receiving the insurance proceeds. You can receive a lump sum of $400,000 today or receive payments of $16,000 a year for 15 years. You can earn 6 percent on your money. Which option should you take and why?Sue purchased a $33 comma 00033, 000 life insurance policy at the price of $2424 per $1000 of coverage. If she pays the premium in 12 monthly installments, how much is each installment?Suppose a life insurance company sells a $230,000 one-year term life insurance policy to a 24-year-old female for $240. The probability that the female survives the year is 0.999514. Compute and interpret the expected value of this policy to the insurance company. The expected value is $ (Round to two decimal places as needed.)
- How much life insurance should Stan Money-maker buy if he wants to leave enough money to his family so that they get $25,000 per year forever inconstant dollars as of the year of his death? The interest rate from the life insurance company is 7% per year, while the inflation rate is expected to be 4% per year. The first payment occurs one year after Stan’s death. (a) $866,000 (b) $357,000 (c) $625,000 (d) $841,000.19. Leon's 6-month premium for auto insurance is $754.34, if he pays it all atonce. If he decides that he wants to make payments, he will be charged asurcharge of $4 for each of the first 4 months, upon which time the 6-monthpremium needs to be paid in full. What is his premium for each of the firstfour months if he decides to pay the minimum? A. $189.59B. $192.59C. $758.34D. $126.72If Carissa Dalton has a $410,000 home insured for $320,000, based on the 80 percent coinsurance provision, how much would the Insurance company pay on a claim of $17,500? Assume there is no deductible. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Amount paid
- A self-employed person deposits $4,000 annually in a retirement account (called a Keogh or H.R. 10 plan) that earns 7 percent. Use Appendix A and Appendix C to answer the questions. Round your answers to the nearest dollar. How much will be in the account when the individual retires at the age of 65 if the savings program starts when the person is age 50?$ How much additional money will be in the account if the saver defers retirement until age 70 and continues the contributions?$ How much additional money will be in the account if the saver discontinues the contributions at age 65 but does not retire until age 70Delilah is paying $0.40 per $100 on her $210,000 home in homeowners' insurance annually. If her annual homeowners' insurance premium is divided into twelve equal monthly installments to be included on each of her monthly mortgage payments of S1033.00, what is Delilah's total monthly payment? a.$1.873 b.$1,103 C.$840 d. $70f. Insurance: You are still not done allocating your paycheck. Assume that you pay annually 0.5% of your home value in home insurance. You also pay $1,000/year in auto insurance, $2,500/year in medical and dental insurance, and $350 / year in life insurance. What is your monthly payment for these deductions?