Mr. Kurris is 50 years old. In four years, his house will be paid off and his daughter will be finished with collage. He wants to take out a five-year level-term life insurance policy with a face value of $750,000. The monthly premium is $61.

Answers

Answer 1

Complete question is;

Mr. Kurris is 50 years old. In 4 years, his house will be paid off and his daughter will be finished with college. He wants to take out a 5-year level-term life insurance policy with a face value $750,000. The monthly premium is $61,

a. What will be his total cost for this policy over the 5-year period?

b. If he dies after paying for the policy for 16 months, how much will the insurance company pay his beneficiaries?

c. If he does not die during the 5 years, how much does the insurance company make on this policy?

d. If he dies after paying for the policy for 13 months, how much will the insurance company lose on this policy?

Answer:

A) $3660

B) $750000

C) $3660

D) $749,207

Step-by-step explanation:

A) Since he wants to take out a five-year level-term life insurance policy, then number of payments for 5 years is;

12 months × 5 = 60 payments.

Since monthly premium is $61, then total cost = 61 × 60 = $3660

B) This is a level-term life insurance policy and so he will be paid the same amount over the entire period of the insurance policy.

Thus If he dies after paying for the policy for 16 months, his beneficiaries will still be paid same $750000

C) if he does not die during the 5 years, the amount the insurance company will make is same as the amount he is due for his premium which is $3660.

D) If he dies after paying for the policy for 13 months, amount that the insurance company will lose is;

>> 750000 - 13(61) = $749,207


Related Questions

Sarah went on a run. On her run she found 6 rocks. When she was going back home she found 7 more rocks. When she got home she relized she lost 2 of the rocks. How many rocks does she have now?

Answers

Answer:

11

Step-by-step explanation:

first you add 6 + 7 = 13

then you 13 - 2 which gives you eleven!

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Answer:

r/2 -6

Step-by-step explanation:

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Maria is given a pay increase of 3%. After the pay increase, she earns $2472 each month. Calculate her monthly pay before the pay increase.

Answers

Answer: $2400

Step-by-step explanation:

Given

Maria got a hike of 3%.

After the hike she earns $2472 each month

Suppose, before hike she earns x each month

[tex]\Rightarrow x+x\times 3\%=2472\\\Rightarrow x(1+0.03)=2472\\\Rightarrow 1.03x=2472\\\Rightarrow x=\$2400[/tex]

Thus, she earns $2400 before the hike.

A rhombus has diagonals with lengths 6 cm and 10 cm. It’s area is ____

A. 60 cm^2
B. 30 cm^2
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D. 36 cm^2

Answers

Answer:

B.

Step-by-step explanation:

A = ab/2

A = (6 cm)(10 cm)/2

A = 30 cm^2

Answer: B.

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Answers

Answer:

a=170

Step-by-step explanation:

180-6=174mil

round to 170.

Answer:

4.9 (rounded)

Step-by-step explanation:

a^2 + 1^2 = 5^2

a^2 + 1 = 25

      - 1     - 1

= a^2 = 24

[tex]\sqrt{a^2 = 24}[/tex] = 4.9 (rounded)

a designer created a scale drawing of a new kitchen. In the scale drawing, the length of the kitchen will be 8 feet. What scale did the designer use to create the scale drawing of the kitchen

Answers

Answer:

See Explanation

Step-by-step explanation:

Given

[tex]Scale\ length = 8ft[/tex]

Required

Determine the scale of the drawing

The question is incomplete, as the actual width of the kitchen is not given. The general explanation, however, is as follows:

The scale of a drawing is represented as:

[tex]Scale = Scale\ Measurement : Actual\ Measurement[/tex]

This gives:

[tex]Scale = 8ft : Actual[/tex]

Assume the actual length of the kitchen is 24ft.

The equation becomes:

[tex]Scale = 8ft : 24ft[/tex]

Divide by 8ft

[tex]Scale = 8ft/8ft : 24ft/8ft[/tex]

[tex]Scale = 1 : 3[/tex]

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y=-2.6+2

Step-by-step explanation:

using the eqaution y=mx+c

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Answer:

The answer would be D, hope this helps

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Answer: I think it’s C

Answer:

A is the correct answer to this problem.

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Answer:

see explanation

Step-by-step explanation:

(a)

[tex]\frac{3}{7}[/tex] a × - [tex]\frac{21}{15}[/tex] b ( cancel 3 and 15 and 7 and 21 )

= a × - [tex]\frac{3}{5}[/tex] b

= - [tex]\frac{3}{5}[/tex] ab

(b)

3xy(5x²y² - 4yz) ← multiply each term in the parenthesis by 3xy

= 15x³y³ - 12xy²z

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Answers

Answer:

63

Step-by-step explanation:

Answer:

its A

Step-by-step explanation:

A fair die is rolled once. Let A be the event of rolling an even number, and let B be the event of rolling a number greater than 3. Find A ∩ B

Answers

Answer:

A ∩ B = {4, 6}

Step-by-step explanation:

A die had 6 faces

S = {1, 2, 3, 4, 5, 6}

If A  be the event of rolling an even number, then;

A = {2, 4, 6}

If B be the event of rolling a number greater than 3, then;

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At his new job, Jeremiah can choose an hourly rate of $9 plus a $50 weekly bonus for opening the store, or an hourly rate of $10 per hour with no opening bonus. The equations model his salary options.

Answers

The equations would be:
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Answers

Answer:

x = 25

Step-by-step explanation:

40 is a vertical angle equal to the angle to the right of 2x.

2x, 40, and 90 are supplementary angles (they add up to 180)

2x + 40 + 90 = 180

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2x = 50

x = 25

Answer:

they are right

Step-by-step explanation:

Which of the following are maximum and minimum points of the function y= 2 cos x - 1?
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B) Maximums: (0, 1), (2π, 1); Minimum: (π, -3)
C) Maximums: (0,3), (2π, 3); Minimum: (π, -1)
D) Maximums: (0, 1) (π/2, 1); Minimum: (3^π/2, -3)

Answers

Answer:

B) Maximums: (0, 1), (2π, 1);

Minimum: (π, -3)

A Ferris wheel has a diameter of 380 feet and the center of the wheel is 195 feet above the ground. The wheel makes a complete turn every 4 minutes. Write a cosine function to express the height h (in feet) of a passenger on the wheel as a function of time t (in minutes), given that the passenger is at the lowest point on the wheel when t

Answers

Answer:

y = -190 cos(π t / 120) + 195

Step-by-step explanation:

General form of a sinusoidal function: y = A cos(Bt - C) + D

Now generally a cosine function starts at the maximum value, so to start at the minimum value, flip the cosine function by making it negative.

A is the amplitude of the curve and will be the radius of the ferris wheel. Therefore, A = 380 / 2 = 190 feet.

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Answers

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Answers

Answer:

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Step-by-step explanation:

The angle is an inscribed angle, so its measure is half the measure of the intercepted arc.

Said another way, the intercepted arc is twice the measure of the inscribed angle.

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Answers

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have a good day :)

Step-by-step explanation:

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Answer:

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Step-by-step explanation:

1. -5 not suree

2.50

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A recipe calls for 21 scoops of sugar. Each scoop is 2.5 oz of sugar. How many scoops do you need if the scoop holds 3.5 oz of sugar?

Answers

Answer:

you would need 6 scoops of sugar

Answer:

You would need 15 scoops of sugar per 3.5 oz

Step-by-step explanation:

How many more lawns can logan mow per hour thanhow many more lawns can logan mow per hour than brian brian

Answers

Answer:

Logan can mow 1 lawn per hour more than Brian

Step-by-step explanation:

Given

[tex]Logan: 8\ lawns \to 4\ hours[/tex]

See attachment for Brian's graph

First, calculate Logan's hourly rate

[tex]Rate = \frac{Lawn}{Time}[/tex]

[tex]Rate = \frac{8\ lawns}{4\ hours}[/tex]

Rate = 2 lawns per hour

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[tex](x_1,y_1) = (1,1)[/tex]

[tex](x_2,y_2) = (2,2)[/tex]

So, the rate is:

[tex]Rate = \frac{y_2 - y_1}{x_2 - x_1}[/tex]

[tex]Rate = \frac{2 - 1}{2 - 1}[/tex]

[tex]Rate = \frac{1}{1}[/tex]

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So, we have:

[tex]Logan = 2[/tex]

[tex]Brian = 1[/tex]

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1. Calculate the volume of the rectangular prism. Answers are in cubic
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Answers

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Answer:

The answer is 612

Please help me almost due!!!:):$:

Answers

Answer:

Our two selected points:

-3, 3

2, -4

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2 - (-3)         5

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Answers

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Step-by-step explanation:

See the steps below:)

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Answers

Answer:

∠ A ≈ 75.7°

Step-by-step explanation:

Given

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7 × sinA = 8 × sin58° ( divide both sides by 7 )

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Answers

Answer:

6x – 3x + 4 – 2x = x

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no solution

hope this helps

have a good day :)

Step-by-step explanation:

pupils are required to spend 3/8 of the day at school and 2/3 of that time in class. How much time do they spend doing Mathematics? Give your answer in minutes.​

Answers

Answer:

[tex]Time \ in\ school = \frac{3}{8} \ of \ the \ day[/tex]

                      = [tex]\frac{3}{8} \times 24 = 9 \ hours \ in \ school[/tex]

[tex]Time \ in \ class = \frac{2}{3} \ of \ the \ time \ in \ school = \frac{2}{3} \times 9 = 6 \ hours \ in \ class[/tex]

1 hour = 60 minutes

Therefore, 6 hours = 360 minutes

So , 360 minutes they spent doing mathematics.

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