Ms. Asma is aged 40 years. She consulted OmanUnited Insurance Company to plan for thehigher education of her daughter. Therefore,she asked for a straight life policy with a facevalue of OMR 80,000 with a semi-annually payment basis. How much will Ms.Asma reimbursed Oman United InsuranceCompany?10-Year Fixed Rate 20-Year Fixed RateStraight-LifeAgeMaleFemaleMaleFemaleMaleFemale201.211.171.821.762.722.63301.271.231.911.853.493.38401.461.412.202.134.023.88502.412.333.633.515.185.01604.724.567.116.888.217.93a. OMR 158.304b. OMR 27.160C. OMR 80.704d. OMR 310.4

From given table you have to choose the straight line insurance and female and according to age.

Answered: xed Rate Straight-Life Female Male…

Business

Finance

xed Rate Straight-Life Female Male Female 1.76 2.72 2.63 1.85 3.49 3.38 2.13 4.02 3.88

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications

Section: Chapter Questions

Problem 15E

See similar textbooks

Related questions

Q: #M10B Calculate CPM for all three pubs based on the target of just women? Publication Circulation…

A: CPM=Female Circulation CostCirculation×1000

Q: the activity for one of the products of Random Creations: ance, 80 units sse $4,00e 40 units $51 40…

A: Date Units Rate Total 01-Jan 80 $ 50.00 $ 4,000 18-Jan 40 $ 51.00 $ 2,040…

Q: Exercise 5 Information. You have been provided with following information for area (x) and rent (y):…

A: The correct answer for the above mentioned question is given in the following steps for your…

Q: The following data set shows the probability distribution for a survey conducted t determine the…

A: A Discreet probability distribution list a finite list of possible value with probability of each…

Q: r. Thomas graduated from West Virginia University with a code value = 1 whille Professor Harrison…

A: Given Code value 1 = West Virginia Code value 2 = Marshall

Q: Top Ten Countries of Birth of Country N Foreign-Born Population, 2000 Country Number (thousands)…

A: Mean = Sum of all data PointNumber of all data Point OR Mean = A+B+C+D+F +G+H+J +K +MN

Q: Tomey's EFN is %24

A: External funds are those funds required to be raised from outside source. In order to support the…

Q: Using the table below, answer problems 1-3 below: STRAIGHT DEPR МACRS DDB YEAR BV rate DEP BV DEP BV…

A: The answer is provided based on the table given in the question.

Q: 1,000 2,000 3,000 4,000 6,000 U Area G represent: Select one: O a. Lossos Area O b. Break Even point…

A: CVP analysis evaluates the connection between total revenues, total costs, and net income due to the…

Q: Ratio Industry GnG Ratios Ratios 1. Current Ratio 5.3 2. Acid Test Ratio 5.1 3. Gross Profit Ratio…

A: Solution:- Calculation of financial ratios of GnG Mini Mart for the year 2021 as follows under:-…

Q: dependen les as Singie lax year Answer: А. S2,500 В. $5,000 C. S7,500 D. $10,000 B.

A: The correct answer is option (d)$10000

Q: OA. weighted-average OB specific identification O C. last-in, frst-out OD. first-in, first-out

A: Introduction:- The following four accepted methods of costing items as follows under:- Specific…

Q: Calculate the plowback ratio given the following information: dividends paid = $120; net income =…

A: The ratio which tells about the proportion of earnings being retained in the business is known as…

Q: Upto 100 3% 101 - 200 5% 201 - 300 8% >300 10% Find the gross earnings if Ahmed sells worth RO 320.…

A: The commission is based on sales revenue earned.

Q: Q. R and 5 carry on business sharing the profits in the ratio of 2: 3: 4 respectively. Capitals as…

A: At the time of retirement or death of the partner, he will be provided share of profit till the date…

Q: Time left 1:23:23 tate probability Return on A RETURN ONB POOR 40% |-0.06 -0.09 NORMAL 35% 0.16 0.14…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: tables. The owne y their male chet e Becker's meas ide chould include

A: Given: pay their male chefs $45/hr Female chef $35/hr.

Q: 0.01 is desired. The average interarn ed?

A: The right Option is 3

Q: On what information return is the employment income of an individual reported? Question 10…

A: Answer: Employment income and other income are to be reported in the return.

Q: "he Norman Compa 7.50 per unit with eport on employees a 6-11 4Ó

Q: Q R and S carry on business sharing the profits in the ratio of 23: 4 respectively. Capitals as on…

A: Average profits of last years means on an average how much profit is getting earned in every year.…

Q: (a) Lot-for-lot (b) EOQ (c) Part Period Balancing

A: STEP 1 Economic order quantity is the technique to maintain efficient level of stock EOQ=2×Annual…

Q: Self Test Problem 1 Chapter 3

A: Net worth is the measure of wealth of the firm which helps to know the company's health and current…

Q: Complete the horizontal analysis Year 2: $88,338 Year 1: $92,147 What is the percentage change?…

A: The percentage change in amount can be calculated as ratio of change in amount and the base amount

Q: Year 1 Year 2 YR 1 YR2 Sales (S) $ 614,405.00 $ 600,343.00 Cost…

A: Mark-up percentage refers to the percentage imposed on the cost of the product to have a profit by…

Q: 36. Determine the missing amount designated with an "X" for each of the following: Assets…

A: The following computations are done to find the values of X marked boxes.

Q: Prob. Return (%) B 0.1 40 G 0.2 30 O 0.3 15 L 0.2 2 S 0.2 -12 where B-Bloom,G-Good,…

A: Risk is a factor which arises due to the possibility of differences between the actual outcome and…

Q: A net present worth equation is used to solve for a ROR by setting the net present worth equation…

A: ROR or rate of return of project also known as internal rate of return of project is the interest…

Q: 20 Home Office Expense. (Obj. 4) Rita op OF for this purpose constitute 30% of th the home during…

A: An expenditure is indeed the cost of doing business that a company incurs in order to generate…

Q: Calculate the Average return of Company A and Company B Year Company A Company B 1 (-10) 8. 6. 25…

A: Following is the answer to the question

Q: Calculate 1.04 as a ratio.

A: A ratio is a relationship between two variables that shows how much of one variable is contained in…

Q: Compute the component percentages for Trixy Magic’s income statement below. (Enter your answers as a…

A: The percentage of sales is calculated by dividing the concern value by the sales and multiplying it…

Q: 3. Human IQ scores are approximately normally distributed with mean 100 and standard deviation 15.…

A: The normal distribution can easily be used to compute percentiles. A percentile divides any…

Q: m “net - year) t

A: In the given situation, EFU group is evaluating whether it is beneficial to extend the accounts…

Q: A B and C Pu the were 1osses died on his sohave of when time years. Bespectlucsy. are

A: Partnership is the form of business enterprise that is operated and managed by two or more partners…

Q: 12. From the data given below, calculate the gross and net reproduction Survival Fa Age Group Female…

A: solution : age 15-19 20-24 25-29 30-34 35-39 40-44 45-49 total female…

Q: lad the 9. Michael and Jackson are partners following transactions during 2020: Jackson Michael…

Q: sts incurred: Process A Process B Pro terials 149,400 98,800 79,040 80% at the 122,250 96,800 77,440…

A: Working Equivalent units for Material cost = (49000 units *100%)+ (1000 units * 80%) = 49000+ 800…

Q: Calculate a base-weighted and current- weighted index. Years 1 is base and year 2 is current. Number…

A: Weighted price index is weighted ratio between the product and quantity of current year and base…

Q: ADR per room to get ROA (item1/item5)

A: The hubbart room rate is calculated by adding all the operating expenses, taxes and insurance,…

Q: Question 51: In the vertical analysis of an income statement, what is the base (100%) figure?…

A: Vertical analysis of income statement means where all items of a particular period of income…

Q: acid test ratio

A: The answer is option D 1.26:1

Q: Compute the average hourly cost of a carpenter to a contractor.Assume the work is in a subsistence…

A: FICA stands for Federal Insurance Contribution Act tax which is a federal payroll tax in the United…

Q: Month Madison Cookies Sophie Electric 1 -0.04 0.07 2 0.06 -0.02 3 -0.07…

A: Introduction: Covariance can be defined as a metric which helps in establishing relationship between…

Q: 2) Name: Fletcher, Frances Hours: 40 weekly Hourly rate: $18.26 Married, claims 3

A: Name : Fletcher Status : Married 3 dependents Yearly compensation : $18.26 × 40 hours × 52 weeks…

Q: a. on sider the pua end of every ye ual S! at end of 23 to 12 b. Define

A: (a) The calculation of present value of annuity can be made by using the formula:Present Value of…

Q: Filé Edit Förmat View Help COMPA RATIO AVERAGE SALARY OF EMPLOYEES/MIDPOINT OF RANGE Given: Pay…

A: The Average salary will be calculated with the help of following formula Average Salary = Total…

Question

Ms. Asma is aged 40 years. She consulted Oman
United Insurance Company to plan for the
higher education of her daughter. Therefore,
she asked for a straight life policy with a face
value of OMR 80,000 with a semi-
annually payment basis. How much will Ms.
Asma reimbursed Oman United Insurance
Company?
10-Year Fixed Rate 20-Year Fixed Rate
Straight-Life
Age
Male
Female
Male
Female
Male
Female
20
1.21
1.17
1.82
1.76
2.72
2.63
30
1.27
1.23
1.91
1.85
3.49
3.38
40
1.46
1.41
2.20
2.13
4.02
3.88
50
2.41
2.33
3.63
3.51
5.18
5.01
60
4.72
4.56
7.11
6.88
8.21
7.93
a. OMR 158.304
b. OMR 27.160
C. OMR 80.704
d. OMR 310.4

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.

Similar questions

Darlene wants to buy a $200,000 term life insurance policy. She is 34 years old. Using the premium table, what is her annual premium for a 10-year policy? a $100 b. $108 C$1.202 d. $1.290
Your uncle named you beneficiary of his life insurance policy. The insurance company gives you a choice of ,100,000 or a 12 year annuity of 12,000 at the end of each year. What rate of return is the insurance company offering
You are the beneficiary of a life insurance policy. The insurance company informs you that you have two options for receiving the insurance proceeds. You can receive a lump sum of $50,000 today or receive payments of $641 a month for 10 years. You can earn 6.50% on your money. What option should you take and why?
You are the beneficiary of a life insurance policy. The insurance company informs you that you have two options for receiving the insurance proceeds. You can receive a lump sum of $200,000 today or receive payments of $1,400 a month for 20 years. You can earn 6 percent on your money. Which option should you take and why?
Marwan, aged 30, male, purchased an insurance policy from National Life Insurance with a face value of 15,000 RO. The annual premium for five year fixed rate policy is: Rate table Five year Fixed rate Straight Life Age Male Female Age Male Female 20 1.57 1.27 20 5.90 4.24 25 1.65 1.33 25 7.13 6.35 30 1.87 1.56 30 8.85 7.75 35 2.23 1.76 35 11.26 9.71 40 3.52 2.44 40 14.54 12.46 O a. RO 132.75 O b. RO 116.25 c. RO 28.05 O d. RO 23.4 The fixed expenses of manufacturing Samsung Television is RO 200. The cost of raw materials is 20 per unit flabour ic PO 12 and the cort of ouorboadr ic RO 2 per unit If Samsung makes 20 Television, find the
Marwan, aged 30, male, purchased an insurance policy from National Life Insurance with a face value of 15,000 RO. The annual premium for five year fixed rate policy is: Rate table Five year Fixed rate Straight Life Age Male Female Age Male Female 20 1.57 1.27 20 5.90 4.24 25 1.65 1.33 25 7.13 6.35 30 1.87 1.56 30 8.85 7.75 35 2.23 1.76 35 11.26 9.71 40 3.52 2.44 40 14.54 12.46 O a. RO 132.75 O b. RO 116.25 O c. RO 28.05 O d. RO 23.4
Calculate the annual premium for the following policy. (Use Table 20.1.) (for females subtract 3 years from the table.) Note: Round your answer to the nearest cent. Amount of coverage (face value of policy) 183,000 $ Age and sex of insured 36 F Type of insurance policy 20-payment life Annual premium
AXA Insurance company sells life insurance policies for 5 years for 25 year old man. The amount payable if the death occurs is 69000. The company actuary has calculated that the probability of death for 23-year old man over the next 8 years as the table below. Calculate the Net Single Premium for Term Insurance if the required return on insurance company is 5.05 % Age Number of living Number of Death Death Rate Survi 23 1250000 5500 24 6700 25 8800 26 9900 27 11000 28 12000 29 13000 30 14000 Select one: O a. NONE O b. 35000 O c. 37170.66 d. 35306.35 e. 37000.15
TABLE 20.1 Life insurance rates for males (for females, subtract 3 years from the age. Non-binary individuals currently need to apply as male or female.)² Five-year term Straight life Twenty- payment life Twenty-year endowment 1.85 5.90 13.85 1.85 6.13 14.35 1.85 6.35 14.92 1.85 6.60 15.54 1.85 6.85 16.05 1.85 7.13 17.55 1.85 7.43 17.66 1.86 7.75 18.33 1.86 8.08 19.12 1.87 8.46 20.00 1.87 8.85 20.90 1.87 9.27 21.88 1.88 9.71 22.89 1.95 10.20 23.98 2.08 10.71 25.13 2.23 11.26 26.35 2.44 11.84 27.64 2.67 12.46 28.97 2.95 13.12 30.38 3.24 13.81 31.84 3.52 33.36 3.79 34.94 14.54 15.30 16.11 16.96 4.04 36.59 4.26 38.29 4.50 17.86 40.09 Age 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 Age 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 Age 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 8.28 8.61 8.91 9.23 9.56 9.91 10.29 10.70 11.12 11.58 12.05 12.57 13.10 13.67 14.28 14.92 15.60 16.30 17.04 17.81 18.61…
Your uncle named you beneficiary of his life insurance policy. The insurance companygives you a choice of $100,000 today or a 12-year annuity of $12,000 at the endof each year. What rate of return is the insurance company offering? (6.11%)
Clear my choice Abeer, aged 30, female, purchased an insurance policy from National Life Insurance with a face value of 26,000 RO. The annual premium for five year fixed rate policy is: Rate table Five year Fixed rate Straight Life Age Male Female Age Male Female 20 1.57 1.27 20 5.90 4.24 25 1.65 1.33 25 7.13 6.35 30 1.87 1,56 30 8.85 7.75 35 2.23 1.76 35 11.26 9.71 40 3.52 2.44 40 14.54 12.46 O a. RO 40.56 O b. RO 230.1 O c. RO 201.5 O d. RO 48.62
Use the given table. Parker's $250,000 whole-life insurance policy has a cash value of $11,286. Parker is 60 years old, female, smokes, and is converting to an extended term policy for the same face value. Use 10-year level term rates to estimate the number of years of extended term insurance she has. Click the icon to view the data table. Parker has years of extended term insurance. (Do not round until the final answer. Then round to two decimal places as needed.)