Theresita Guadalupe insured his life with an insurance company. Under the contract, she will pay a monthly premium of P2,000 for 10 years. In case of death before the 10th year, his beneficiary will receive an indemnification in the amount of P150,000. If he is still living on the 10th year, he will receive the face value of P500,000. Suppose Theresita Guadalupe, dies on the 5th year and his beneficiary was offered to receive the P150,000 in lump sum or to receive it at P20,000 a month for ten (10) months and the beneficiary chose the 2nd option, she will report an income of* O 500,000 O 150,000 O 50,000 O Exempt
Theresita Guadalupe insured his life with an insurance company. Under the contract, she will pay a monthly premium of P2,000 for 10 years. In case of death before the 10th year, his beneficiary will receive an indemnification in the amount of P150,000. If he is still living on the 10th year, he will receive the face value of P500,000. Suppose Theresita Guadalupe, dies on the 5th year and his beneficiary was offered to receive the P150,000 in lump sum or to receive it at P20,000 a month for ten (10) months and the beneficiary chose the 2nd option, she will report an income of* O 500,000 O 150,000 O 50,000 O Exempt
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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