Question 8 of 10 Questions qutstionI 14) On August 1st, 2013, Joseph invested $18,000 in a fund that was growing at 4% Question 2 (2) compounded quarterly. Question 3 (2) Question 4 (2) a. Calculate the future value of the fund on March 22nd, 2014. Question 5 (1) Question 6 (2) Round to the nearest cent Question 7 (3) b. On March 22nd, 2014, the interest rate on the fund changed to 6% compounded monthly. Calculate the future value of the fund on February 4th, 2015. Question 8 (2) Question 9 (4) Question 10 (4)

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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.