Choose the recipient of the largest dollar amount of annual annuity receipts for a $100,000 single-premium...
Choose the recipient of the largest dollar amount of annual annuity receipts for a $100,000 single-premium immediate annuity:
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male age 65 |
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female age 65 |
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male age 25 |
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female age 20 |
Homework Answers
Male age 65 should receive the largest dollar amount of annual annuity receipts for a single premium immediate annuity.
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Choose the recipient of the largest dollar amount of annual
annuity receipts for a $100,000 single-premium...
the following information for the next TWO questions: 9.18574, qu-o02427, qs-o02662, q“-0.02913, i-6%. (6o2 is the net single premium of a whole life annuity immediate paying S18,000 a year, issu...
the following information for the next TWO questions: 9.18574, qu-o02427, qs-o02662, q“-0.02913, i-6%. (6o2 is the net single premium of a whole life annuity immediate paying S18,000 a year, issued to (66)? (A) S151,440 (C) $160,455 (D) $178,455 (B) $142,455 21. For a net single premium of s100,00,(65) wishes to buy a whole life amuity. He has narrowed his choices down to the following two annuities: Annuity 1 - An annuity due that pays him at the beginning of each...
Term Answer Description A. This is the fund available to the purchaser's beneficiaries. Single premium annuity...
Term Answer Description A. This is the fund available to the purchaser's beneficiaries. Single premium annuity contract Immediate annuity 0 This annuity's monthly income varies as a function of the insurer's actual investment experience. 0 C. Installment premium annuity contract The insurance company safeguards the principal and agrees to a minimum interest rate over the life of the contract. Survivorship benefit 0 Often purchased by individuals, this annuity allows periodic payments made over time. This type of contract allows cash...
Value of an annuity versus a single amount Personal Finance Problem Assume that you just won...
Value of an annuity versus a single amount Personal Finance Problem Assume that you just won the state lottery Your prize can be taken efther in the form of $34,000 at the end of each of the next 25 years (that is, $850,000 over 25 years) or as a single amount of $545,000 paid immediately atf you exped to be able to t. Would your decision in part a change if you could earn g% rather than 7% on your...
I need help finding the values. $ 3,000.00 0.006 601 19 20 Single Amount or Annuity...
I need help finding the values.
$ 3,000.00 0.006 601 19 20 Single Amount or Annuity 21 Periodic Interest Rate 22 Number of Periods 23 24 25 Present Value of Single Amount 26 27 Future Value of Single Amount Answer: 28 29 Future Value of An Annuity 30 31 Future Value of An Annuity Due 32 33 Present Value of An Annuity 34 35 Present Value of An Annuity Due 36 37
What are the quarterly payments on a $100,000 universal life insurance policy for a 30 year...
What are the quarterly payments on a $100,000 universal life
insurance policy for a 30 year old female with a preferred
rate?
Data Table Table 2 Premium Rates for Periods Less Period Percent of Annual Period Premium Semiannually 51.00 Quarterly 26.00 Monthly 8.75 Estimated Annual Life Insurance Premium Rates per $1,000 of Face Value 10-Year Level Term 20-Year Level Term Age Male Female Age Male Female PREF NIT PREF NTT PREF NTT PREF NTT 20 0.87 1.272.28 0.75 1.10 1.88...
2. Assume that all of the life insurance policies listed below are sold by the same...
2. Assume that all of the life insurance policies listed below are sold by the same life insurer, and have the same expense and mortality rates. Each policy also has a $100,000 face value. Which of these, sold to a 25 year old male, should be least expensive first year annual premium? a. yearly renewable term life b. life paid up at age 65 b. whole life d. 20 pay life
104 Life Insurance-Term and Other The main purpose of life insurance is to provide financial protection...
104 Life Insurance-Term and Other The main purpose of life insurance is to provide financial protection for your dependents in case of your death. You may purchase term life insurance, whole life insurance, limited payment life insurance, of endowment life insurance. ANNUAL PREMIUM - NUMBER OF UNITS PURCHASED X PREMIUM PER $1000 Use the tables below to answer the problems. ANNUAL PREMIUM PER $1000 OF LIFE INSURANCE: 5-YR TERM Age 18 20 25 30 35 45 55 65 Male $...
The accompanying table shows the dollar amount of sales in 2012 for the four largest firms...
The accompanying table shows the dollar amount of sales in 2012 for the four largest firms in the above-ground pool industry. Total indusstry sales in 2012 were $467,000. Use this table to answer the questions that follow 25. Refer to the accompanying graph. The maximum short-run economic profit earned by this monopolistic competitive firm is: ATC Price l NC Dollar Amount of Sales in 2012) Firm Name 20.17 Blue Water Island, Inc. 1817 $112.000 16.87 Backyard Paradise, Inc. 15.87 547000...
Investment A You are 25 years old, having just started working. You are considering a retirement...
Investment A You are 25 years old, having just started working. You are considering a retirement plan for a retirement at the age of 65. You want to be able to withdraw $79,000 from your savings account on each birthday for 20 years following your retirement at the age of 65. Your first withdrawal will be on your 66th birthday. To achieve your goal, you intend to make equal annual deposits in a pension scheme which offers 7% interest per...
the following information for the next TWO questions: 9.18574, qu-o02427, qs-o02662, q“-0.02913, i-6%. (6o2 is the net single premium of a whole life annuity immediate paying S18,000 a year, issued to (66)? (A) S151,440 (C) $160,455 (D) $178,455 (B) $142,455 21. For a net single premium of s100,00,(65) wishes to buy a whole life amuity. He has narrowed his choices down to the following two annuities: Annuity 1 - An annuity due that pays him at the beginning of each...
Term Answer Description A. This is the fund available to the purchaser's beneficiaries. Single premium annuity contract Immediate annuity 0 This annuity's monthly income varies as a function of the insurer's actual investment experience. 0 C. Installment premium annuity contract The insurance company safeguards the principal and agrees to a minimum interest rate over the life of the contract. Survivorship benefit 0 Often purchased by individuals, this annuity allows periodic payments made over time. This type of contract allows cash...
Value of an annuity versus a single amount Personal Finance Problem Assume that you just won the state lottery Your prize can be taken efther in the form of $34,000 at the end of each of the next 25 years (that is, $850,000 over 25 years) or as a single amount of $545,000 paid immediately atf you exped to be able to t. Would your decision in part a change if you could earn g% rather than 7% on your...
I need help finding the values.
$ 3,000.00 0.006 601 19 20 Single Amount or Annuity 21 Periodic Interest Rate 22 Number of Periods 23 24 25 Present Value of Single Amount 26 27 Future Value of Single Amount Answer: 28 29 Future Value of An Annuity 30 31 Future Value of An Annuity Due 32 33 Present Value of An Annuity 34 35 Present Value of An Annuity Due 36 37
What are the quarterly payments on a $100,000 universal life
insurance policy for a 30 year old female with a preferred
rate?
Data Table Table 2 Premium Rates for Periods Less Period Percent of Annual Period Premium Semiannually 51.00 Quarterly 26.00 Monthly 8.75 Estimated Annual Life Insurance Premium Rates per $1,000 of Face Value 10-Year Level Term 20-Year Level Term Age Male Female Age Male Female PREF NIT PREF NTT PREF NTT PREF NTT 20 0.87 1.272.28 0.75 1.10 1.88...
2. Assume that all of the life insurance policies listed below are sold by the same life insurer, and have the same expense and mortality rates. Each policy also has a $100,000 face value. Which of these, sold to a 25 year old male, should be least expensive first year annual premium? a. yearly renewable term life b. life paid up at age 65 b. whole life d. 20 pay life
104 Life Insurance-Term and Other The main purpose of life insurance is to provide financial protection for your dependents in case of your death. You may purchase term life insurance, whole life insurance, limited payment life insurance, of endowment life insurance. ANNUAL PREMIUM - NUMBER OF UNITS PURCHASED X PREMIUM PER $1000 Use the tables below to answer the problems. ANNUAL PREMIUM PER $1000 OF LIFE INSURANCE: 5-YR TERM Age 18 20 25 30 35 45 55 65 Male $...
The accompanying table shows the dollar amount of sales in 2012 for the four largest firms in the above-ground pool industry. Total indusstry sales in 2012 were $467,000. Use this table to answer the questions that follow 25. Refer to the accompanying graph. The maximum short-run economic profit earned by this monopolistic competitive firm is: ATC Price l NC Dollar Amount of Sales in 2012) Firm Name 20.17 Blue Water Island, Inc. 1817 $112.000 16.87 Backyard Paradise, Inc. 15.87 547000...
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