Contemporary Mathematics for Business & Consumers

8th Edition

ISBN: 9781305585447

Author: Robert Brechner, Geroge Bergeman

Publisher: Cengage Learning

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Concept explainers

Unitary Method

The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.

Speed, Time, and Distance

Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 …

Profit and Loss

The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.

Units and Measurements

Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experime…

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Textbook Question

Chapter 19.I, Problem 10RE

Calculate the value of the nonforfeiture options for the following life insurance policies.

Face Value		Years in				Cash	Reduced Paid-U p	Extended Term
of policy		Force		Type of Polio		Value	Insurance	Years Days
10.	250,000		7		20-Year Endowment

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Chapter 19 Solutions

Contemporary Mathematics for Business & Consumers

Ch. 19.I - Prob. 1TIE Ch. 19.I - Prob. 2TIE Ch. 19.I - Prob. 3TIE Ch. 19.I - Calculate the annual, semiannual, quarterly, and...Ch. 19.I - Calculate the annual. semiannual, quarterly, and...Ch. 19.I - Prob. 3RE Ch. 19.I - Calculate the annual. semiannual, quarterly, and...Ch. 19.I - Prob. 5RE Ch. 19.I - Calculate the annual. semiannual, quarterly, and...Ch. 19.I - Calculate the annual. semiannual, quarterly, and...

Ch. 19.I - Calculate the annual. semiannual, quarterly, and...Ch. 19.I - Prob. 9RE Ch. 19.I - Calculate the value of the nonforfeiture options...Ch. 19.I - Prob. 11RE Ch. 19.I - Prob. 12RE Ch. 19.I - Calculate the value of the nonforfeiture options...Ch. 19.I - Calculate the value of the nonforfeiture options...Ch. 19.I - Leroy Kirk is 35 years old and is interested in...Ch. 19.I - 16. Rene Boyer, age 27. wants to purchase a 5-year...Ch. 19.I - Carmen Gutierrez purchased a $75,000, 20-payment...Ch. 19.I - 18. Alex Baron is evaluating his life insurance...Ch. 19.I - Richard Ryan is evaluating his life insurance...Ch. 19.I - BUSINESS DECISION: THE CONSULTATION 20. Tina...Ch. 19.II - You are the insurance agent for Diamond...Ch. 19.II - Prob. 5TIE Ch. 19.II - Prob. 6TIE Ch. 19.II - Prob. 7TIE Ch. 19.II - Prob. 8TIE Ch. 19.II - Prob. 1RE Ch. 19.II - Prob. 2RE Ch. 19.II - Prob. 3RE Ch. 19.II - Calculate the building, contents, and total...Ch. 19.II - Prob. 5RE Ch. 19.II - Prob. 6RE Ch. 19.II - Prob. 7RE Ch. 19.II - Prob. 8RE Ch. 19.II - Prob. 9RE Ch. 19.II - Calculate the short-term premium and refund for...Ch. 19.II - Calculate the short-term premium and refund for...Ch. 19.II - Calculate the short-term premium and refund for...Ch. 19.II - Prob. 13RE Ch. 19.II - Prob. 14RE Ch. 19.II - Prob. 15RE Ch. 19.II - Calculate the amount to be paid by the insurance...Ch. 19.II - Prob. 17RE Ch. 19.II - Calculate the amount to be paid by the insurance...Ch. 19.II - Prob. 19RE Ch. 19.II - You are the insurance agent for Castle Mountain...Ch. 19.II - A property insurance policy has an annual premium...Ch. 19.II - 22. Insignia Enterprises has a property insurance...Ch. 19.II - Prob. 23RE Ch. 19.II - BUSINESS DECISION: BUSINESS INTERRUPTION INSURANCE...Ch. 19.III - Jeff Wasserman, owner of High Performance Racing...Ch. 19.III - Prob. 10TIE Ch. 19.III - Prob. 1RE Ch. 19.III - Prob. 2RE Ch. 19.III - Prob. 3RE Ch. 19.III - As an insurance agent, calculate the annual...Ch. 19.III - Prob. 5RE Ch. 19.III - Prob. 6RE Ch. 19.III - Prob. 7RE Ch. 19.III - As an insurance agent, calculate the annual...Ch. 19.III - 9. Rick Clinton wants to purchase an automobile...Ch. 19.III - 10. Howard Marshall’s Corvette was hit by a palm...Ch. 19.III - Ben Hoffman has motor vehicle liability insurance...Ch. 19.III - BUSINESS DECISION: INSURING THE FLEET 12. The...Ch. 19 - A mechanism for reducing financial risk and...Ch. 19 - 2. The amount of protection provided by an...Ch. 19 - Prob. 3CR Ch. 19 - Prob. 4CR Ch. 19 - Prob. 5CR Ch. 19 - Prob. 6CR Ch. 19 - Prob. 7CR Ch. 19 - Prob. 8CR Ch. 19 - The premium charged when a policy is canceled by...Ch. 19 - The clause in a property insurance policy...Ch. 19 - Prob. 11CR Ch. 19 - Prob. 12CR Ch. 19 - Prob. 13CR Ch. 19 - Prob. 14CR Ch. 19 - Prob. 1AT Ch. 19 - Calculate the annual, semiannual, quarterly, and...Ch. 19 - Calculate the annual, semiannual, quarterly, and...Ch. 19 - Calculate the annual, semiannual, quarterly, and...Ch. 19 - Prob. 5AT Ch. 19 - Prob. 6AT Ch. 19 - Prob. 7AT Ch. 19 - 8. Mary Hall purchased a $45,000 20-year endowment...Ch. 19 - Prob. 9AT Ch. 19 - Calculate the building, contents, and total...Ch. 19 - Prob. 11AT Ch. 19 - Prob. 12AT Ch. 19 - Prob. 13AT Ch. 19 - Calculate the short-term premium and refund for...Ch. 19 - Prob. 15AT Ch. 19 - Calculate the amount to be paid by the insurance...Ch. 19 - Prob. 17AT Ch. 19 - Prob. 18AT Ch. 19 - Prob. 19AT Ch. 19 - Prob. 20AT Ch. 19 - Prob. 21AT Ch. 19 - Prob. 22AT Ch. 19 - Prob. 23AT Ch. 19 - Prob. 24AT

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Calculate the value of the nonforfeiture options for the following life insurance policies. Face Value Years in Cash Reduced Paid-U p Extended Term of policy Force Type of Polio Value Insurance Years Days 10. 250,000 7 20-Year Endowment

Solution Summary: The author calculates the non-forfeiture options cash value, reduced paid-up insurance, and extended term years or days for the provided life insurance.

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Chapter 19 Solutions