Suppose that a life insurance company insures 5700 ​40-year-old people in a given year.​ (Assume a death rate of 4 per 1000​ people.) The cost of the premium is ​$200 per​ year, and the death benefit is ​$45,000. How much can the company expect to gain​ (or lose) in a​ year?

Suppose you owe $18,000 on a credit card that carries an APR of 24%. Because the balance is so high, you choose to stop charging and pay off the card. You can afford to make only the minimum monthly payment, which is 5% of the balance. Then your balance after t months is given by B = 18,000(1.02 ✕ 0.95)t  dollars. How many payments will you have to make to get the balance below $100?

"On his tax return this year, Steve reports $575 income from interest. Assuming an interest rate of about 4.6%, about how much does Steve have invested?"

Mutual Fund X owns 0.5% of the total stock of Company Y. In one particular year, Company Y announces annual profits of $12,000,000, and decides to pay dividends to its shareholders at a rate of 15% of its annual profits. How much will Mutual Fund X receive in the form of dividends from Company Y? Give your answer in dollars.

You are considering in investing one of the two options: Investment A requires a $80,000 upfront payment and generates $59,000 annually, Investment B requires a $68,000 upfront payment. How much should Investment B generate annually so that the total returns from Investment A and B become equal after 3 years?

This year, FCF Inc. has earnings before interest and taxes of $9,710,000, depreciation expenses of $1,000,000, capital expenditures of $1,200,000, and has increased its net working capital by $600,000. If its tax rate is 35%, what is its free cash flow? The company's free cash flow is $. (Round to two decimal places.)

Suppose that you have $9,000 in a rather risky investment recommended by your financial advisor. During the first year, your investment decreases by 40% of its original value. During the second year, your investment at the end of year one increases by 50%. Your advisor tells you that there must have been a 10% overall increase of your original $9,000 investment. Is your financial advisor using percentages properly? If not, what is your actual percent gain or loss of your original $9,000 investment? Select the correct choice below and fill in the answer boxes to complete your choice. (Type a whole number.) O A. No, there is an actual percent gain of % O B. Yes, there is an actual percent loss of % O C. Yes, there is an actual percent gain of % O D. No, there is an actual percent loss of %

Your credit card has a balance of ​$4200 and an annual interest rate of 13​%. You decide to pay off the balance over four years. If there are no further purchases charged to the​ card, you must pay ​$112.70 each​ month, and you will pay a total interest of ​$1209.60. Assume you decide to pay off the balance over one year rather than four. How much more must you pay each month and how much less will you pay in total​ interest? A. You will pay ​$__ more each month. B. You will pay ​$__ less each month.

A phone company charges an activation fee of $27.00, plus a cost of  $50.00 for a monthly plan. Which value represents the initial value of the phone plan, and what does that value mean in the situation?

If Arnold earns a salary of $18,564 a year and is paid biweekly, how much is his gross pay per period?