A 60-year-old individual received a full death benefit of 3,000 units at the end of the...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
A 60-year-old individual received a full death benefit of 3,000 units at the end of the year of death. purchased a life insurance policy. Some information on this policy is below: 1. Mortality is according to the chosen-final measurement table with the selection effect of one year. II. 9[60] =0,6960 i=0,04; 100046=595,13; 1000 4₁=604,87 => 3000 A [60] =? A 60-year-old individual received a full death benefit of 3,000 units at the end of the year of death. purchased a life insurance policy. Some information on this policy is below: 1. Mortality is according to the chosen-final measurement table with the selection effect of one year. II. 9[60] =0,6960 i=0,04; 100046=595,13; 1000 4₁=604,87 => 3000 A [60] =?
Expert Answer:
Related Book For
Financial and Managerial Accounting
ISBN: 978-0538480895
11th Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
Posted Date:
Students also viewed these accounting questions
-
Miriam Marlowes husband purchased a life insurance policy on his own life, naming his wife as the beneficiary. Three years later, after Marlowes husband died in a swimming accident, Marlowe received...
-
Lynette VanWagoner purchased a life insurance policy to insure her mother Idon. Idon is currently 64. Insurance companies predict that women in her condition will live, on average, to be 81 years...
-
Lei purchased a life insurance policy three years ago and mistakenly checked a box on her application that said she did not have high blood pressure. She does. Yesterday, she died of a heart attack....
-
It is possible to construct a nonparametric tolerance interval that is based on the extreme values in a random sample of size n from any continuous population. If p is the minimum proportion of the...
-
A trust owns an asset on which depreciation is claimed. The trust distributes all of its income to its sole income beneficiary. Whose taxable income is reduced by the depreciation?
-
Consider the following information: Demand rate (D) = 300 units per hour Lead time (T) = 4 hours Container capacity (C) = 40 units Safety factor (x) = 10% a. How many kanban production cards are...
-
T. Christian Cooper was a partner to Sanders and Richard Campbell d/b/a The Mullen Company. In 2001, Cooper helped bring about a management agreement between The Mullen Co. and Newnan Crossing...
-
Calla Company produces skateboards that sell for $50 per unit. The company currently has the capacity to produce 90,000 skateboards per year, but is selling 80,000 skateboards per year. Annual costs...
-
The graph below shows the number of people who consume different numbers of lollipops per year. What is the median number of lollipops consumed? Number of People 3 27 24 21 18 15 12 96 Number of...
-
The Toyota Camry is one of the best-selling cars in North America. The cost of a previously owned Camry depends on many factors, including the model year, mileage, and condition. To investigate the...
-
A random sample of 100 patients treated in a program for alcoholism and drug dependency over the past 10 years was selected. It was determined that 53 of the patients had been readmitted to the...
-
Answer ALL questions Present Value, Future Value and Mortgage tables are separately attached with exam paper. Question 4 Explain the main forms of business organizations. (5 marks) [Total: 5 Marks]...
-
If the product requested is not in stock, it needs to be manufactured before the order handling can continue To manufacture a product, the required raw haterials have to be ordered. Two preferred...
-
There are 166 physicians practicing in Port St. Lucie. Of them, 83 are female and 28 are dermatologists (total). Of the 83 female physicians, 14 are dermatologists. Suppose one physician from Port...
-
The Unit 4 Assignment asks you to consider theories of employee motivation, as described in Chapter 11 of the text. As mentioned in the Unit 3 Assignment, VP of Human Resources, Philip Thomas, has...
-
A taxpayer has a tax liability of zero and no refund due prior to applying any tax credits. will the following credit return a refund? child tax credit. child and dependent care credit. Earned Income...
-
1. Identifying strategies to address the mental health needs of employees through HR planning. :- NOTE :- 700 -800 Words -:
-
Place a tick in the appropriate grid to identify the balance that would be brought down in each of the following named accounts, in the books of Rizwy Mohamed: (a) In the Cash account: if Rizwy...
-
For (a) through (d), identify the items designated by X and Y. a. Purchases (X + Y) = Net purchases. b. Net purchases + X = Cost of merchandise purchased. c. Merchandise inventory (beginning) + Cost...
-
Determine the amount be paid in full settlement of each of invoices (a) and (b), assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within...
-
Describe how a job order cost system can be used for professional service businesses.
-
At January 1, 2015, Cheng Company reported retained earnings of 20,000,000. In 2015, Cheng discovered that 2014 depreciation expense was understated by 4,000,000. In 2015, net income was 9,000,000...
-
Cherokee Construction Company changed from the cost-recovery to the percentage-of-completion method of accounting for long-term construction contracts during 2015. For tax purposes, the company...
-
In 2015, Bailey Corporation discovered that equipment purchased on January 1, 2013, for 50,000 was expensed at that time. The equipment should have been depreciated over 5 years, with no residual...
Study smarter with the SolutionInn App