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Q: QUESTION 2 Billy Bourne makes $97574 annually. How much does Billy pay for his E.I. premium for the…

A: The Employment Insurance (EI) premium rate for 2022 is 1.58% of insurable earnings, up to a maximum…

Q: 5.1 Annuity Period As you inc case the length to the present value of an annuity? What happens to…

A: Honor code: Since you have asked multiple questions, we will solve the first question for you. If…

Q: A single life annuity pays you a set monthly payment for the rest of your life even if you live to a…

A: Annuity Annuity refers to the series of payments made at the beginning, end, or any date of each…

Q: Years           Bank            Loan advance 2018          STANBIC        2,584,735 2019.…

A: To Find: Herfindahl-Hirschman Index (HHI)

Q: Why would a person want to purchase Universal Life Insurance? The face value of the policy remains…

A: Universal Life Insurance is a financial product that blends insurance coverage with an investment…

Q: 7. You are making plans for your retirement. You have just turned 30 and want to retire on your 65th…

A: Given information : Required amount at retirement : $1,000,000 Rate of interest : 12% Monthly salary…

Q: 5. Name 2 factors that can impact your monthly auto insurance premium.

A: Premium is an amount paid periodically to the insurer by the insured to cover the risk.

Q: Find the annual premium

A: INTRODUCTION: When sales comprise both single premium and regular premium business, annual premium…

Q: 1 Although both immediate and variable annuities can provide lifetime income to annuitants, they…

A: Immediate annuity- Under this, an annuitant  or annuity owner pay  a lump sum amount  to purchase an…

Q: your Sisler borrows $1,000 and evmpleyte promises to $ 2,000. 4 you wanl to atlea5r a 5to an you…

A: A = P 1+r100n Where  A = Amount P = Principal r = Rate of interest n = Number of years

Q: You are the wage earner in a "typical family," with $72,500 gross annual income. Use the easy method…

A: Life insurance is an important financial tool that provides financial protection to your loved ones…

Q: Muhammad retires with a pension that will pay him $4,841.05 annually, at the end of each period, for…

A: The future investment returns discounted at a level of the estimated return is used to compute the…

Q: 01 10 11 20 21 30 31 32 Question 33 enders can start proceedings if a homeowner does not make his…

A: A late fee is charged if 15 days have passed beyond the due date of monthly mortgage payment.

Q: Multiple Choice Question The difference between the present value of an ordinary annuity with…

A: Present value is an estimate of the present worthiness of future cash values that may be received at…

Q: Question 15: The 2021 Social Security wage base is Answer: А. S100,000 В. O $113,700 S125,000 D. O…

A: Social security wage base is highest earned  gross income in which social security tax  will be…

Q: Find what insurance will cover of your bodily injury find what insurance will pay for your friend's…

A: Insurance refers to a contract where the insurer (insurance company) agrees to compensate for some…

Q: John is trying to decide whether to contribute to a Roth IRA or a traditional IRA. He plans on…

A: Traditional IRA is the individual retirement plan in which tax on the withdrawl is paid on the…

Q: 4. Your eldest brother applied for a term life insurance. His contribution per year is P40 000 that…

A: “Since you have posted a question with multiple sub-parts, we will solve the three sub-parts (4,5,6)…

Q: A bond has eight years to maturity, a $2,000 face value, and a 5.8% coupon rate with annual coupons.…

A: Bonds are debt instruments issued by companies. The issuing company pays periodic interest or…

Q: Q10 Reta had accumulated $119,875.67 in her Registered Retirement Savings Plan (RRSP). She turned…

A: Money in plan = 119,875.67 Annuity Amount = 1800 Time Period = 9 years × 12 = 108 months Nominal…

Q: An individual with a health savings account must be covered by a high-deductible health plan with a…

A: A health savings account is a tax-advantaged medical savings account available to taxpayers in the…

Q: Consider a zero-coupon bond with a $1,000 face value and 10 years left until maturity. If the YTM of…

A: 1) Face value = FV = $1,000Period = nper = 10 yearsInterest rate = rate = 6.7%2) Future value = FV =…

Q: IV. Direction: Find the number of deferred periods (d) for each situation. The payment period and…

A: The deferred period is the period of time starting with the agreement to pay and the period of first…

Q: 4. Mr. Bueno would like to know the present value of his savings with P 4,500.00 deposit every 6…

A: 4) Semiannual saving (S) = P 4500 n = 10 years = 20 payments r = 7% per annum = 3.5% semiannually

Q: Claire Fitch is planning to begin an individual retirement program in which she will invest $3,200…

A: Time value of money is a financial concept which is used to analyze various investments and…

Q: Brief Exercise C-11 (Algo) Calculate the future value of an annuity (LO C-4) Calculate the future…

A: Compound interest (CI) is an interest over principal plus interest. Compound interest is very…

Q: If Rachel invest 1700 today in a account that pays 6 percent interest compounded annually how long…

A: The answer is in the explanation.Explanation:To solve this problem, use the formula for compound…

Q: Rank the following from highest present value to lowest present value. Assume all else equal. v An…

A: Present value of annuity is the current value of the future payments that are calculated using the…

Q: What is meant by annuity? What are the types of annuity? How does it differ from perpetuity?

A: Annuity is a series of regular payments that are made periodically at the end of the year or…

Q: Present Value of a Perpetuity What's the present value, when interest rates are 6.70 percent, of a…

A: The quantity of the regular cash flows is simply divided by the discount rate to get the present…

Q: Question 17 The payment amount for Perpetuity has the formula: A = Pi A True False

A: Time value of money (TVM) is a concept which states that the worth of one unit of currency in…

Q: Social security payments are a form of an annuity payment which is included in your gross estate as…

A: Annuity gross estate refers to the annuity value and payment that is received by the beneficiary for…

Q: How much will it cost Shaun to purchase a two-level retirement annuity that will pay $6000 at the…

A: Present value refers to the discounted value of all future cash flows. Discounting is done with the…

Q: The present value of a $100 perpetuity discounted at 5% is $5,000 Select one: O True O False

A: Present value of Perpetuity = Cash flows/ Discount rate

Q: Use the table below to answer the following questions:                  Present Value of 1 Factor…

A: Discounting is a technique through which present value of amount receive or pay in future is…

Q: Present Value of an Annuity Refer to each case in the table below to answer what are required in…

A: Given: Case Amount of annuity Interest rate Years A $12,000 7% 3 B $55,000 12% 15 C $700…

Q: An insurance company is offering a new policy to its customers. Typically the policy is bought by a…

A: Given: Variables in the question:DescriptionPayments ($)First birthday820Second birthday820Third…

Q: Meghan purchases a retirement annuity that will pay her $1,000 at the end of every six months for…

A: Here, Annuity Payment for first nine years $   1,000.00Compounding period of first nine year…

Q: am. 101.

A: Initial loan (outflow) = $3000 at time t=0Repayments (inflows) = $1000 for four yearsThe present…

Q: What is the maximum monthly social security benefit a person can receive if retiring exactly 1 year…

A: The social security benefit is the benefits which are received by the employee once the said…

Q: Andrew deposits $1102.32 each quarter into an annuity account for his child's college fund in order…

A: Amount Deposited = Deposit amount per quarter * 4 quarters * Number of years =1,102.32 * 4 quarters…

Q: plz solve the question III with explanation and get upvotes

A: We are authorized to answer three subparts at a time, since you have not mentioned which part you…

Q: Sheet 3- Time Comparison 1. At the bottom of the page, click on Sheet 3. If you're using Google…

A: The question needs assumptions of payment amount "P", rate "i" and number of payments per year "n".…

Q: T purchased a life annuity for P1,500,000 which will pay him P150,000 a year. What will T include in…

A: Taxability of Life Annuity: The tax treatment of annuities is deferred, which means that taxes are…

Q: why

A: While retirement savings plans can help employees prepare for their future, it’s important to also…

Q: If the Company is required to make equal monthly payments into a sinking fund that will be used to…

A: A sinking fund is a financial mechanism established by an organization or entity to set aside money…

Q: Which statement is true? Multiple Choice An annuity with payments at the beginning of each period is…

A: An annuity where payments are made at the beginning of each period is termed as annuity due. In case…

Property Insurance

Property insurance protects property from unforeseeable loss or damage and covers property owners' liability. Property insurance provides financial compensation to the property owner or renter in the event of damage or theft, as well as to someone other than the owner or renter if that person is injured on the property. Property insurance covers all risks of damage caused by theft, fire, flood, cyclones, lighting, and natural calamities, among other things. The primary goal of property insurance is to require the property owner to cover the loss. A monthly premium is paid to the insurance company, and in exchange, the insurance company pays for damage based on the agreement stated in the policy. Property insurance protects assets such as a vehicle, auto, car, rental home, house, and valuable property.