Franklin's investment fund had a balance of $280,000 on January 1, 1995 and a balance of $448,000 two years later. The amount of interest earned during the two years was $34,000, and the annual yield rate on the fund was 5.3%. Estimate the (dollar-weighted) average date of contributions to the account. (Round your answer to the nearest integer.) The average date of payment is 168 x days after January 1, 1995.

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Types of Insurance Contract

Insurance is a contract wherein an individual or entity gets financial protection from the insurance company for any damages or losses incurred. The individual or entity is called the insured, whereas the insurance company is called the insurer. The insured and the insurer enter a legal contract for a fixed term called the insurance term, and the contract is called an insurance policy.