Question: How much would you receive with replacement cost coverage for a four-year-old sofa destroyed by fire? The sofa would cost $825 to replace today, whereas


How much would you receive with replacement cost coverage for a four-year-old sofa destroyed by fire? The sofa would cost $825 to replace today, whereas it cost $800 four years ago and had an estimated life of 8 years. Your Answer: Answer Question 37 ( 0.5 points) What would it cost an insurance company to replace a family's personal property that originally cost $21000 ? The replacement costs for the items have increased 6%. Your Answer: Your employer provides a 401(k) plan with a matching contribution of 5% of your salary if you put in at least 5% of your salary. If your monthly salary is $3500, then how much must you contribute to your retirement account each month in order to receive the the matching contribution from your employer? Your Answer: Answer Question 39 ( 0.5 points) You have saved $83,000 in a 401(k) account at retirement. What is the minimum annual rate of return would allow you to withdraw $10,000 each year forever without reducing your account value? Your employer provides a 401(k) plan with a matching contribution of 7% of your salary if you put in at least 5% of your salary. If your monthly salary is $3600 and you contribute just enough to get the match, then how much money will be added to your account in total over one year? Your
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
