17. Using the income multiplier estimation method, how much life insurance would you need if your current annual income is $41700? A. $834000. B. $417000. C. $458700. D. $229350.
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- A perpetuity pays $85 per year and costs $3,580. What is the rate of return? Select the correct answer. O a. 4.17% Ob. 3.27% O c.0.57% d. 2.37% O e. 1.47%7. A net premium of $41 payable for life will provide (x) with either $5,000 n-year term insurance followed by $1,000 whole life insurance after age x + n, or $3,000 n-year term insurance followed by $2,000 whole life insurance after age x + n. What is 1000 · Px ? A) 17.37 B) 17.47 C) 17.57 D) 17.67 E) 17.77Which of the following describes how to calculate abond’s issue price?Face Value Interest Paymentsa. Present value of single amount Future value of annuityb. Future value of single amount Present value of annuityc. Present value of single amount Present value of annuityd. Future value of single amount Future value of annuity
- How do i know if t should be in years or months for fv and annuity fv etc?Suppose we regress individuals' health insurance coverage status on yearly earnings (unit: $1,000), we get P = 0.10 + 0.009 • X, where Y is a dummy equal to 1 if the person is covered by health insurance and 0 otherwise. X is yearly earning. Assume that the average health insurance coverage rate among the studied sample is 0.2. a. What is the percentage point increase in health insurance coverage rate if yearly earning increases by $2,000? b. what is the percentage increase (relative to sample mean) in health insurance coverage %3D rate if yearly earning increases by $2,000?An survival model is given by the survival function S₁(x) = e Suppose a whole life insurance policy with a benefit of $118250 payable immediately at the time of death of the insured life has a continuously compound interest rate 8 -0.026. (a) What is the present value for the benefit if the policy is purchased at age 42? EPV = $ a= 0.0008 (b) What is the standard deviation of the present value of this insurance benefit if the policy is purchased at age 42? Note: Round your answer to two decimal places.
- What's the rate of return you would earn if you paid $1,480 for a perpetuity that pays $90 per year? O a. 6.47% O b. 3.04% O c. 6.08% O d. 12.95% O e. 12.16%Find the following: (Round your answer to the nearest cent.) Face Value Age and Sex of Insured Type of Insurance Annual Premium $26,000 37F Straight Life2. Consider the data in the following table: Perpetuity Annual amount discount rateA 100,000 10B 3,000 6 Determine the present value of each perpetuity.
- Q4) The ___________ method requires one to estimate annual retirement expenses when estimating required retirement income.Use the table below to answer the following questions: Present Value of 1 Factor Present Value of an Annuity of 1 Factor Period 1/2 Yr Full-Yr 1/2 Yr Full-Yr 1 0.9578 0.9174 0.9578 0.9174 2 0.9174 0.8417 1.8753 1.7591 3 0.8787 0.7722 2.7540 2.5313 4 0.8417 0.7084 3.5957 3.2397 5 0.8062 0.6499 4.4019 3.8897 6 0.7722 0.5963 5.1740 4.4859 Assumption: Required annual effective rate (EPR) of return is 9%. If an investment pays you $54,000 every 6 months for 3 years, starting at the beginning of each 6 month period, what is its present value? Group of answer choices $279,396 $291,703 $250,193 $273,380Use the table below to answer the following questions: Present Value of 1 Factor Present Value of an Annuity of 1 Factor Period 1/2 Yr Full-Yr 1/2 Yr Full-Yr 1 0.9578 0.9174 0.9578 0.9174 2 0.9174 0.8417 1.8753 1.7591 3 0.8787 0.7722 2.7540 2.5313 4 0.8417 0.7084 3.5957 3.2397 5 0.8062 0.6499 4.4019 3.8897 6 0.7722 0.5963 5.1740 4.4859 Assumption: Required annual effective rate (EPR) of return is 9%. If an investment pays you $324,000 at the end of 3 years, what is its present value? Group of answer choices $279,396 $291,703 $273,380 $250,193