Steven and Donna have been married for 35 years. Both are in great health, but they feel it is time that they start planning for theirfuture health needs. Steven is 60 years old, and Donna is 61 years old. They have been approached by a long-term care insurancesalesperson who is offering the following insurance product:....Annual maximum benefit: $67,200 or 80% of annual cost, whichever is less.Daily maximum benefit: $187 or 80% of daily cost, whichever is less.Billing cycle: 360 days.Premium for policy with 180-day elimination period: $3,248.Premium for policy with 90-day elimination period: $3,696.Premium for policy with 30-day elimination period: $4,256.Steven and Donna are interested in possibly purchasing one of these policies. Use the following information to help them analyzewhich policy may be the best alternative,The current annual cost of a good nursing care facility in their area is $91,440,They have $28,000 saved in a money market savings account, $11,200 in a 1-year CD, and $13,440 in EE savings bondsShow Transcribed TextHow much will they pay in total premiums if Steven purchases a policy today and begins using the policy at age 72? Calculate anestimate for each elimination period.Policy180-Day Elimination Period90-Day Elimination Period30-Day Elimination PeriodAnnual Premiums$3,248C$3,696$4,256Total Premiums

elimination period=180 daydaily cost=$91440/360 days=$254 per dayOut of pocket expenses=$254*180…

Answered: How much will they pay in total…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Please don't provide handwritten solution ....
Use PMT = . Round to the nearest dollar. Suppose that you borrow $10,000 for four years at 7% toward the purchase of a car. Find the monthly payments and the total interest for the loan. A.$281; $13,488 B.$239; $1472 C.$624; $19,952 D.$239; $11,472

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