Question: please answer with detailed steps and thank you! Head & Shoulders shampoo insured a spokesman football player's long hair for $1 million with Lloyd's of

please answer with detailed steps and thank you!

Head & Shoulders shampoo insured a spokesman football player's long hair for $1 million with Lloyd's of London. The insurance payout would be triggered if he lost at least 60% of his hair during an on-field event. The insurance company placed the odds of a payout at 1% in year 6. Determine how much Head and Shoulders had to pay in a lump sum amount for the insurance policy, if Lloyd's of London wanted a rate of return of 20% per year, compounded semi-annually. If Lloyd's of London wanted a rate of return of 20%, Head and Shoulders had to pay $ in a lump sum amount for the insurance policy The optical products division of Panasonic is planning a $3.5 million building expansion for manufacturing its powerful Lumix DMC digital zoom camera. If the company uses an interest rate of 16% per year, compounded quarterly for all new investments, what is the uniform amount per quarter the company must make in order to recover its investment in 6 years? The uniform amount per quarter that the company must make in order to recover its investment in 6 years is $

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