You plan to purchase dental insurance for your three remaining years in school. The insurance makes a​ one-time payment of ​$2000 in case of a major dental repair​ (such as an​ implant) or a​ one-time payment of ​$160 in case of a minor repair​ (such as a​ cavity). If you​ don't need dental repair over the next 3​ years, the insurance expires and you receive no payout. You estimate the chances of requiring a major repair over the next 3 years as 3​%, a minor repair as 67​% and no repair as 30​%. What are the possible values of​ X?

Q: A credit card offers no interest no payments for 12 months. You make a purchase of $3500. You make…

A: purchase made A= $3500 monthly payments m= $300 Amount made during the first year (11 payments)…

Q: Suppose a mutual fund has a portfolio of stocks that have a market value of $10.75 billion and the…

A: The objective of this question is to calculate the net asset value (NAV) per share of a mutual fund.…

Q: You deposit $1000, and it grows to $1,500 in 5 years.  What is your annual return?

A:

Q: The cost to purchase the house that Bainters are considering is $195,000 but the Bainters plan to…

A:

Q: Suppose you’d like to save enough money to pay cash for your next used car. The goal is to save an…

A: Given that, to save an extra $8000 over the next three years.To find the amount of monthly payments…

Q: Vhich of the following 1-year investment has the highest rate of return? O $3,500 that yields $700…

A: The value of money that is the purchasing power decreases over time. So, whenever we make an…

Q: fter reading this chapter, it isn't surprising that you're becoming an investment wizard. With your…

A:

Q: Consider having a personal loan that spans 50 years. The loan was only taken out for $1000, but the…

A: Consider having a personal loan that spans 50 years. The loan was only taken out for $1000, but the…

Q: 5000

A:

Q: Over the previous period, your company had accounts receivable of $95,800 and credit sales of…

A: Given accounts receivable=$95,800 credit sales= $573,229.51 to find out: average collection period=?…

Q: Your credit card has a balance of $3200 and an annual interest rate of 16%. You decide to pay off…

A:

Q: Calculate the return on investment for 2,100 shares of a mutual fund purchased with an offer price…

A:

Q: A new employee is paid $22.50 an hour. A performance evaluation is completed at the end of the year,…

A: We have to find rate per hour after increment.

Q: A person owes $1000 on a credit card that charges an interest rate of 2% per month. Complete this…

A: solutionGivenInterest rate=2% per monthowes=1000$

Q: The price of a home is $220,000, financed at 7% with a 30 year fixed rate. 20% down and 3 points…

A: The down payment is = Price of Home × percentage of down payment = $( 220,000 × 20%)…

Q: In one particular month, a person has a balance of $ 3,490 on their credit card for 9 days. They…

A: From the provided information, the amount of balance on the credit card is given as:Amount of…

Q: After retiring, you want to be able to take $1000 a month for a total of 15 years from your…

A:

Q: Alex made an investment of $25,678 which had a return rate of 2.7% in the first year, 5.87% in the…

A: given data  return rate are :  year 1 : 2.7% year 2 : 5.87% year 3  : 3.89% average rate of return =…

Q: You can buy a car for $25,200 or lease the same car for three years for a down payment of $1,500 and…

A: From the given information, it is observed that the basic price of the car is $25,200. If the car is…

Q: You open a checking account. You are paid 5% interest on the average daily balance, but are charged…

A: Let the required balance = x interest = 5% = 0.05 monthly interest = 0.05/12

Q: An investor anticipates that land values for a site will be worth $100,000 in five years. If real…

A: Given : Land values for a site will be worth $100,000 in five years. Real estate taxes are expected…

Q: Suppose your have no balance (debt) on your credit card.  If you spend $150 in a month and paid…

A:

Q: A mutual fund pays a yearly interest of 3.4%. If you invested $7,000 for 5 years, what is the value…

A: Given, Invested amount=7000$ rate of interest= 3.4% No of years=5  Investment after 5 years =?