3. Two different insurance agents present you two health insurance policies as follows. AIA: It covers at most 10 outpatient visits with maximum reimbursement of 80%. For specialty, the policy would not be effective until your expenses exceed $2000. Each claim receives $800 for a maximum of 10 claims. HSBC Life: For outpatient visits, a maximum 20 visits are covered with the first 5 visits are of co-insurance rate of 80% and the next 15 visits are subject to 60% co- 2 insurance rate. For specialty, you are allow to claim at most 5 with each claim capped at $1000. Your health care services consumed are as follows: Outpatient visits of 12 with each costs $300; Specialty of 3 with each costs $2500. Which agent’s policy would you prefer? Explain.

3. Two different insurance agents present you two health insurance policies as follows. AIA: It covers at most 10 outpatient visits with maximum reimbursement of 80%. For specialty, the policy would not be effective until your expenses exceed $2000. Each claim receives $800 for a maximum of 10 claims. HSBC Life: For outpatient visits, a maximum 20 visits are covered with the first 5 visits are of co-insurance rate of 80% and the next 15 visits are subject to 60% co- 2 insurance rate. For specialty, you are allow to claim at most 5 with each claim capped at $1000. Your health care services consumed are as follows: Outpatient visits of 12 with each costs $300; Specialty of 3 with each costs $2500. Which agent’s policy would you prefer? Explain.

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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ebbing eflopse bank and trust offers an APR of 41.09 percent compounded quarterlt on its credit cards. Vanishing vortex regional Bank offers an APR OF 39.78 percent compounded daily on jts credit cards. A. what is rhe effective annual rate for ebbing eclipse bank and trust? B what is the effective annual rate for vanishing vortex bank and trust? C. which bank credit card is better?
Equitable Insurance Company offers a fixed indexed annuity to Dane. The annuity has a cap of 10% and a floor of 3%. Dane invests $10,000 in the annuity. a, If S&P500's returns the next year is 8%, what should be the balance in Dane's account at the end of the year? 10,800 10,000 11,000 O 10,300
Peg plans to have laser eye surgery. The total cost of $2500 will be paid with a 48-month installment loan with an APR of 4.5%. Determine Peg's total finance charge.
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You were offered either a simple interest note or a simple discount note with the following terms: $30,878 at 6% for 36 months. a. Calculate the effective interest rate. Note: Do not round intermediate calculations. Round your final answer to the nearest tenth percent. Effective interest rate % b. Based on the effective interest rate, which would you choose? simple discount note simple interest note
An uninsured patient cannot pay for a major life threatening surgery. ABC Health offers the patient long term financing where the entire amount can be paid in full for 3 years. The cash price of the surgery is $100,000.00 and a contract is issued with an implicit rate of 5.5% Beginning Ending Year 1 2 3 Accounts Instructions A. Record the journal entry as of the surgery date Accounts $100,000.00 Accounts $111,303.00 Accounts Debit Accounts B. At the end of the first year ABC recognizes interest associated with the loan Debit $105,500 Debit Interest C. At the end of the second year ABC recognizes interest associated with the loan Debit $5,500 $5,803 $6,122 Debit Credit D. At the end of the third year ABC recognizes interest associated with the loan Credit Credit Credit E. The patient pays the full amount of the loan receivable at the end of the third year Credit $105,500.00 $ 111,303.00 $ 117,425.00
3) Carlos and Rosa applied for the same credit card from the same bank. The bank checked both of their FICO scores. Carlos had an excellent Credit rating and Rosa had a poor credit rating. a. Carlos was given an APR of 10% while Rosa got a 18%. What are their monthly percentage rate? (Round to the nearest hundredth of a percent) b. If they both had an average daily balance of $1000 for a specific month, and had to pay a finance charge, who would pay more and by how much?
Calculate the amount that the pharmacy bills to the insurance company under the formula of AWP plus 2% plus $6 dispensing fee per prescription if the pharmacy fills 50 prescriptions in 1 month for the same drug and each of the prescriptions contain 30 tablets of the same drug which has AWP $300.
Auto insurance options offered by AA Auto Insurance are outlined in the table below. What monthly payment would you expect for an insurance polier through A Auto Insurance with the following options? Bodily Injury: S50/100,000 Property Damage: $100,000 Collison: S100 deductible Comprehensive: $100 deductible a.$845 b. $350 c. $7O d. $67
Child and Dependent Care Credit (LO 7.3) Marty and Jean are married and have 4-year-old twins. Jean is going to school full-time for 9 months of the year, and Marty earns $44,500. The twins are in day care so Jean can go to school while Marty is at work. The cost of day care is $9,100. TABLE 6.1 CHILD AND DEPENDENT CARE CREDIT PERCENTAGES Adjusted Gross Income Applicable Percentage Over But Not Over $0 – $15,000 35% 15,000 – 17,000 34% 17,000 – 19,000 33% 19,000 – 21,000 32% 21,000 – 23,000 31% 23,000 – 25,000 30% 25,000 – 27,000 29% 27,000 – 29,000 28% 29,000 – 31,000 27% 31,000 – 33,000 26% 33,000 – 35,000 25% 35,000 – 37,000 24% 37,000 – 39,000 23% 39,000 – 41,000 22% 41,000 – 43,000 21% 43,000 – No limit 20% What is their child and dependent care credit?$fill in the blank 1 Answer was wrong when i put $900 and also when put in 16000.
Tuckahoe Hospital wishes to establish a line of credit with a bank. FIRST Bank terms call for a $500,000 maximum loan with an interest rate of 4% and a $2,000 fee. SECOND Bank terms call for a $500,000 maximum loan with an interest rate of 5% but no fee. The compensating balance requirement is 5% of the total line of credit for either bank. What is the effective interest rate for Tuckahoe Hospital from FIRST Bank if 50% of the total amount were used during the year? What is the effective interest rate for Tuckahoe Hospital from FIRST Bank is 25% of the total amount were used during the year? What is the effective interest rate for Tuckahoe Hospital from SECOND Bank if 50% of the total amount were used during the year? What is the effective interest rate for Tuckahoe Hospital from SECOND Bank if 25% of the total amount were used during the year? Which bank would be the better choice for Tuckahoe Hospital? You will enter FIRST or SECOND as your answer.
8 Suppose a health care organization buys supplies from a vendor but has not yet paid for the supplies. The vendor will give a 5% discount to the health care organization if it pays the invoice within 20 days as an incentive to pay quickly. What is the liability that the health care organization should record on its balance sheet: the full cost of the invoice or the discounted amount?

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