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- Question 56 The probability that a 37-year-old white male will live another year is .99828. What premium would an insurance company charge to break even on a one-year $1 million term life insurance policy? Break-even $_______ques 12QUESTION 9 Create a spreadsheet for the scenario described below and submit it as your answer to this question. You will then use the spreadsheet you created to answer questions #10-12. Right now, Raelynn has $28,575 in her IRA (retirement account). She plans to make deposits to this account of $2,000 per year for the next 10 years, and then $3,500 per year for the fifteen years after that, and beyond that no further payments, Create a spreadsheet to find the future value of her IRA 40 years from now, assuming she earns 8.25%. Attach File Browse Local Files Browse Content Collection
- 8 Suppose that a particular type of lottery ticket yields a prize (i.e. is a winning ticket) 25% of the time. The probability that, when buying lottery tickets, the first winning ticket is obtained on the fourth purchase is? pls explain stepsA "short sale" of real estate is: Multiple Choice O a sale that closes in less than 30 days. the sale of a house by someone who is not the owner, it is a way to profit from an anticipated decline in real estate prices. a sale in which the proceeds from the sale are less than the balance owed on the loan secured by the property sold.Qd 92.
- Q. 4Question 1039 STRATEGY 2: SAVING LATER PLAN Assume that you are 23 years old but decide to wait before saving for retirement. You decide to start saving later when you are 42 years old. As a result, you start saving on January 1, 2042. You plan to retire on December 31, 2067, when you are 68 years old. There are 26 years from the time you started investing (saving) until you retire. When you start investing in 2042, you have no previous or other retirement savings. Assume there are 365 days and 52 weeks in each year from 2042 to 2067. (Ignore leap years). Assume that taxes will not affect any of the amounts or your savings. You invest $125 at the end of each week into a retirement account paying 7.5% compounded weekly for 12 years starting on January 1, 2042. After 12 years, you do not make any more payments or withdrawals and leave the money in the retirement account until retirement. Show all work and answer the following questions: 1. Assuming no withdrawals or additional payments were made,…
- A Moving to another question will save this response. Question 5 Jack deposits $5000 in an account which pays 5 percent compounded quarterly. How much will he have in his account in fifteen years? O $10,535.9 O None of the listed items is correct. O $6,024.1 O $10,394.6 O $93,395.9 A Moving to another question will save this response. MacBook Air 20 F3 B00 FA F1 F2 F5 F6 F7 @ #3 $ & 3 4 6. 7 8. W R T Y S D F G V B つ AT4 As a winner of a lottery you can choose one of the following prizes: a £1,000,000 now. b £1,700,000 at the end of five years. c £135,000 a year for ever, starting in one year. d £200,000 for each of the next 10 years, starting in one year. If the time value of money is 9 per cent, which is the most valuable prize?