An insurance company sells a $20,000, seven-year term life insurance policy to an individual for $1,700. Find the expected return for the company if the probability the individual will live for the next seven years is 0.92.

Q: 5. A family deposited $8000 into an account six years ago. The account eamed simple interest at a…

A: It is given that, Principle amount is, P=$8000 Total interest earned is, B=$1200 Rate of interest is…

Q: Calculate the simple interest earned. Round to the nearest cent. P = $3000, r = 6.6%, t = 23 days

A: The given data .The objective is to find the simple interest earned.

Q: Calculate the simple interest earned. Round to the nearest cent. P = $5000, r = 3.3%, t = 22 days

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Q: A vehicle is purchased for $45000. If the vehicle depreciates (loses value) at a rate of 20 percent…

A: Given query is to find the value of the vehiuafter 6 years.

Q: You deposit $1000, and it grows to $1,500 in 5 years.  What is your total return? Total Return =…

A: given deposit = $1000 total balance after 5 years = $1500

Q: A woman buys a house for a $210,000. She pays $20,000 down and takes out a mortgage at 5.1% for 20…

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Q: You want to save money to finance your young son's college education. Explain the financial…

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Q: A bank features a savings account that has an annual percentage rate of 5.4 % with interest…

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Q: Find the simple interest on a $2000 investment made for 2 years at an interest rate of 9%/year. What…

A: Formula for finding Simple interest (S.I)  is S.I=prtwhere p= principal amount,            r=rate of…

Q: A student loan is taken out for $8600 at 6.1%. Find the interest that accrues in a 30-day month. O…

A:

Q: At age 18, someone sets up an IRA (individual retirement account) with an APR of 8%. At the end of…

A: Deposit at the end of each month

Q: 4. Ahmed invests $550 at 3.9%/a simple interest. What is the interest earned in Ahmed's investment…

A:

Q: Consider an investment of $1,500 for four years at 3.75% simple interest. a. Find the amount of…

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Q: Find the interest. Round to the nearest cent. $400 at 7% for 3 years

A:

Q: you pay $6200 for a municipal bond. When it matures after 16 years, you receive $11,800. a. The…

A: (a)The future value FV=$11,800Present value PV=$6,200r= rate of return per annumn= number of…

Q: Suppose you want to save in order to purchase a new boat. Take the APR to be 9.2%. You want to have…

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Q: Calculate the simple interest earned. Round to the nearest cent. P = $9070, r = 5.50%, t = 4 months…

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Q: 3. A restaurant bill is $59 and you pay $72. What percentage gratuity did you pay

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Q: You make a payment of $300 at the beginning of each month into an account that 3.6%annual interest.…

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