There is a 0.99962 probability that a randomly selected 25-year-old female lives through the year. An insurance company wants to offer her a one-year policy with a death benefit of $800,000. How much should the company charge for this policy if it wants an expected return of $600 from all similar policies? The company should charge $ (Round to the nearest dollar.)

Q: Your local credit union is offering a certificate of deposit at 5% annual interest. What will be the…

A: Your local credit union is offering a certificate of deposit at 5% annual interest. We need to find…

Q: A bank offers a CD that pays a simple interest rate of 8%. How much must you put in this CD now in…

A: The percentage is a ratio expressed as a fraction of 100. The percentage is denoted by the symbol %.…

Q: Suppose you see a car with an advertised price of $14,500 at $410.83 per month for 4 years. What is…

A: Given that :Suppose you see a car with an advertised price of $14,500 at $410.83 per month for 4…

Q: Consider a credit card with a balance of $8000 and an APR of 21%. If you want to make monthly…

A: According to the given data, find the total amount:

Q: Lauren would like to have $55,000 saved 10 years from now. If she finds an account that offers a…

A: Let the initial investment be P. The compound interest formula for quarterly is A=P1+r44twhere…

Q: A mutual fund has total assets of $40,000,000 and total liabilities of $3,000,000. There are…

A: Total assets (A) = $40000000  Total liabilities (L) = $3000000 Outstanding shares (N) = 1900000  We…

Q: Suppose you see a car with a price of $12,000 that is advertised at $300 per month for 5 years. What…

A: Given: Price of the car=$12000, Payment=$300 per month, time=5 years.

Q: What lump sum of money must be deposited into a bank account at the present time so that ​$6,600 per…

A: Given that $6,600 per year can be withdrawn for 7  years, with the first withdrawal to start four…

Q: Kayla would like to have $10,000 saved 15 years from now. If she finds an account that offers a…

A:

Q: Suppose you pay $1.00 to roll a fair die with the understanding that you will get back $3 for…

A: The probability that getting 2 or 5 by rolling a fair die is 1/3. The winning amount is $3. For each…

Q: Linda deposited $4,000 into an with 3.8% interest, composnded semiannually ace oja t are made…

A: Given that  Deposited Amount=$4000 Interest rate compounded semi-annually=3.8% To find The amount in…

Q: Kevin

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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: What is the present value of $2,000 paid at the end of each of the next 85 years if the interest…

A: n =85 rate = i  = 5% annuity value = 2000

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

A:

Q: Suppose you have a $175,000 30-year mortgage with a 4.5% interest rate on the loan. c. If you pay…

A: Given that, loan amount P=$175,000, monthly payment PMT= $975, Interest rate r=4.5% and frequency of…

Q: A $1,000,000 lottery prize pays $50,000 per year for the next 20 years. If the current rate of…

A:

Q: If the interest on a loan amount $3500 for 1 years is $132. Then the rate of interest is O 2.65%…

A:

Q: You own a home that was recently appraised for $390,000. The balance on your existing mortgage is…

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Q: Your company provides a 50% matching toward your retirement. If you deposit $200 each month into a…

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Q: Self-employed persons can make contributions for their retirement into a special tax-deferred…

A: According to the given information, P=$10000 n=25 years Annual rate=3%=0.03