Pfin (book Only)
6th Edition
ISBN: 9781337117029
Author: Billingsley, Randy; Joehnk, Michael D.; Gitman, Lawrence J.
Publisher: Cengage Learning
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Question
Chapter 9, Problem 1LO
Summary Introduction
To identify: The importance of having adequate health insurance, the factors that lead to the increase in cost of health insurance.
Expert Solution & Answer
Explanation of Solution
The health insurance cover is very essential for an individual as it helps to cover all the hospital and medical bills in the advent of need. The medical treatments become quite expensive over the time period. The major illness can cause an average person to spend almost tens or hundreds thousands of dollar on its treatment. It is observed that majority of personal bankruptcies are the result of medical cost. Health insurance bears the medical bills both for the routine check up and major illness treatment. Thus, health insurance is vital for all the individuals.
The factors that lead to the increase in the cost of health insurance are listed as follows:
- The technology advancement in the medical science is costly.
- The major part of country U population is aging.
- Demand and supply distribution of the health care facilities and services is poor.
- Other factors include high administration cost, increased paper work, strict regulations and increasing frauds related to insurance.
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I need answer typing clear urjent no chatgpt used pls i will give 5 Upvotes.
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When you purchased your car, you took out a 5-year annual-payment loan with an interest rate of 5% per year. The annual payment on the car is $5,200. You have just made a payment and have now decided to
pay off the loan by repaying the outstanding balance. What is the payoff amount for the following scenarios?
a. You have owned the car for 1 year (so there are 4 years left on the loan)?
b. You have owned the car for 4 years (so there is 1 year left on the loan)?
a. You have owned the car for 1 year (so there are 4 years left on the loan)?
The payoff if there are 4 years left on the loan is $
(Round to the nearest cent.)
b. You have owned the car for 4 years (so there is 1 year left on the loan)?
The payoff if there is 1 year left on the loan is $
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Victoria Exports (Canada). A Canadian exporter, Victoria Exports, will be receiving six payments of €13,800, ranging from now to 12 months in the future. Since the company keeps cash balances in both Canadian dollars
and U.S. dollars, it can choose which currency to exchange the euros for at the end of the various periods. Which currency appears to offer the better rates in the forward market? (Click on the icon to import the table into
a spreadsheet.)
Period
Days Forward
spot
1 month
C$/euro
1.3347
1.3370
US$/euro
1.3219
1.3224
m
2 months
3 months
1.3392
30
60
1.3229
90
1.3235
180
1.3438
12 months
360
1.3464
1.3239
1.3269
6 months
1.3416
Calculate the forward premium, the Canadian dollar proceeds, and the difference from the spot rate proceeds in the C$/Euro forward market below: (Round the forward premium to three decimal places and the Canadian
dollar amounts to the nearest cent.)
Days
Forward Premium
C$ Proceeds of
Difference
Period
Forward
C$/euro
on the C$/euro
€13,800
Over Spot…
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