Jacob wants to buy a $750,000 15-year term life policy, and the annual premium rate (per $1000 of face value) for his age group is $6. 78. If Jacob lives until the end of the term of his policy, how much will Jacob have paid in premiums overall?.
Answers
Jacob will have paid $76,275 in premiums overall if he lives until the end of the term of his policy. Answer: $76,275.
To calculate the amount that Jacob will have paid in premiums overall, we need to find out the total amount of premium Jacob will pay over the 15-year term. Here's how to solve the problem:
Given, The policy amount is $750,000The annual premium rate (per $1000 of face value) for Jacob's age group is $6.78.Jacob wants to buy a 15-year term life policy. We need to find out how much will Jacob have paid in premiums overall.
Step-by-step solution: First, calculate the face value of Jacob's policy. The face value of Jacob's policy is the policy amount, which is $750,000.Divide this amount by $1000 to convert it into thousands :$$750,000/1000 = 750$$So, the face value of Jacob's policy is $750 thousand. Now, calculate the annual premium rate for Jacob's policy.
The annual premium rate per $1000 of face value is $6.78.Multiply this rate by 750 to calculate the total annual premium Jacob will pay:$$6.78 × 750 = 5085$$So, Jacob's total annual premium is $5085.Now, calculate the total amount of premium Jacob will pay over the term of his policy. Since Jacob's policy has a term of 15 years, he will make 15 payments. Multiply the annual premium by 15 to calculate the total premium paid over the term of the policy:$$5085 × 15 = 76,275$$
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Related Questions
How much y’all think I’m worth?
Y’all think ima great dancer?
Who follows me
Answers
Answer:
What????..............
A ({bond} or {stock}) will pay income based on an interest rate, while a ({bond) or (stock)} may give dividends to investors. Both interest income and dividends contribute to the ({cost) or (return) or (risk)} on an investment.
Answers
Answer:
A bond will pay income based on an interest rate, while a stock may give dividends to investors. Both interest income and dividends contribute to the return on an investment.
Explanation:
A bond is a long-term debt tool used by governments and corporations to raise funds. To investors, bonds offer long-term investment opportunities that pay interest based on the prevailing market rates.
A stock is the smallest unit of a company. Owning stock is owning a small portion of the company. Stockholders are entitled to share in the profits of a company; that's why they receive dividends.
An investment is a commercial undertaking that provides the investor with a financial gain. The financial gain or profits may be dividends from shares or interests from deposits.
Answer:
A bond will pay income based on an interest rate, while a stock may give dividends to investors. Both interest income and dividends contribute to the return on an investment.
Explanation:
it just make sense to me
Using the RASCI model, those accountable for projects are Yanıtınız: The people who do not do the work but will get blamed if the project goes wrong Those people who help support the team The people who do the work Those people who act in a consulting manner Yanıtı temizle Geri Sonraki Testi duraklat
Answers
Using the RASCI model, the people who are accountable for projects are those designated with the "A" in RASCI.
RASCI stands for Responsible, Accountable, Supportive, Consulted, and Informed. The RASCI model is used in project management to clarify the roles and responsibilities of individuals involved in a project. Each letter in RASCI represents a specific role:Responsible: The people who are responsible for completing the tasks and achieving the project objectives.
Accountable: The person who is ultimately responsible for the success of the project.Supportive: The people who support the team and help in achieving the project objectives.Consulted: The people who are consulted for their expertise or knowledge in the project
Therefore, The people who are kept informed about the project's progress and developments.
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3. Give an example of a country with a large carbon footprint
per capita and explain why it is so large.
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An example of a country with a large carbon footprint per capita is the United States. The carbon footprint per capita refers to the total amount of greenhouse gas emissions generated by each individual in a given country.
In the case of the United States, the carbon footprint per capita is significantly large due to several factors.
Firstly, the United States has a highly industrialized economy with numerous industries that produce large amounts of greenhouse gases. This includes sectors such as energy production, manufacturing, and agriculture. These industries are responsible for a considerable portion of the country's total emissions.
Secondly, the United States has a high level of car ownership and a transportation system heavily reliant on personal vehicles. This results in significant greenhouse gas emissions from transportation, as cars and trucks release carbon dioxide and other pollutants into the atmosphere.
Additionally, the United States has a large number of domestic flights, contributing further to its transportation-related emissions.
Lastly, the country's consumption patterns also contribute to its large carbon footprint per capita. Americans tend to consume more goods and services than people in other countries, resulting in more emissions associated with the production, transportation, and disposal of these goods.
In conclusion, the United States has a large carbon footprint per capita due to factors such as its industrialized economy, reliance on personal vehicles for transportation, and high levels of consumption.
Efforts to reduce this footprint include promoting cleaner energy sources, increasing energy efficiency, and encouraging more sustainable consumption patterns.
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Standards that help to shape behaviors towards employees, the organization, and other economic agents are Select one: A. Regulations B. Laws C. Managerial ethics. D. Utility maximizing techniques. E. Social responsibilities.
Answers
Answer:
C) Managerial ethics
Explanation:
Managerial ethics can be regarded as rules as well as principles that are out in place by upper management of an organization which serve as a moral guidance for the rest of the organization. It is usually a guidelines put in place by supervisor for employee in the organization to know what is right or wrong. It should be noted that Managerial ethics are Standards that help to shape behaviors towards employees, the organization, and other economic agents.
The Industrial Revolution marked the transition from doing things by hand to doing thm with machines. True False
Answers
not successful way to budgeting strategy
Answers
A listing of all possible returns on an investment, with a chance of occurrence assigned to each return is known as _____.
Answers
If income summary has a $13,500 debit balance before it is closed to the capital account, the company
Answers
Answer and Explanation:
In the case when the company has the debit balance of the income summary account so there should be the net loss as the net loss have the debit balance while the credit balance net profit of the company
So
Since there is the debit balance of the income summary that means there is a net loss
So the same would be considered
the suggestion of utilizing venture capitalists, loans, or self-funding are all options to help alleviate wich challenge of entrepreneurship
Answers
The suggestion of utilizing venture capitalists, loans, or self-funding are all options to help alleviate the challenge of managing people.
What is entrepreneurship?The entrepreneurship serves the activity that involves the setting up of a business or businesses, by taking the financial risks in the hope of profit.
Therefore, suggestion of utilizing venture capitalists, loans, or self-funding are all options to help alleviate the challenge of managing people.
In this case, as an entrepreneur, one should able to have the mind to bear the risk as well as make the good decision that is need for the success of the business, examples of entrepreneur are; Mark Zuckerberg, Bill Gate and others.
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Which role would be responsible for writing the words for a magazine ad for a new line of OPI nail polish
Answers
Pick What's best. There's no right or wrong answer. Try your best.
Explanation:
Out of the choices provided above, it can be stated that the role of a copywriter would be responsible for writing the words for a magazine ad for a new line of OPI nail polish. Therefore, the option C holds true.
What is the significance of a copywriter?A copywriter can be referred to or considered as a professional who has gained a greater amount of expertise in writing content for an organization as per the definite goals and purpose of writing any such content.
Most copywriters working for an organization are involved in copying or writing content for advertisement and marketing the products sold or offered by them. Ads and campaigns relate to the copywriters more than anything else.
Therefore, the option C holds true and the significance regarding a copywriter has been aforementioned.
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The missing options are added below for better reference.
A. Advertisement agent
B. Director
C. Copywriter
D. Editor-in-chief
what is the labor turnover rate if 6 employees in a department of 55 left and were replaced
Answers
The labor turnover rate is 10.91% or 11% (approx).
The labor turnover rate if 6 employees in a department of 55 left and were replaced can be calculated as follows:
Labor turnover rate = (Number of employees who left during a period / Average number of employees during the period) x 100
Given that 6 employees left and were replaced in a department of 55. Hence, the average number of employees during the period will be: Average number of employees during the period = (Initial number of employees + Final number of employees) / 2 Initial number of employees = 55 Final number of employees = 55 - 6 + 6 = 55 (since 6 employees left and were replaced).
Hence, the average number of employees during the period = (55 + 55) / 2 = 55. So, Labor turnover rate = (6 / 55) x 100= 10.91%Therefore, the labor turnover rate is 10.91% or 11% (approx).
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Highly cohesive groups are likely to __________ than less cohesive groups.
Group of answer choices
have more conflict
be larger
be more ineffective
be more diverse
be more committed
Answers
Highly cohesive groups are likely to be more committed than less cohesive groups.
Cohesiveness in a group refers to the extent to which group members are bound together and remain committed to the group's goals.Cohesion in a group plays a critical role in how effectively a group functions and how committed the group members are. When a group is highly cohesive, its members share a common goal and sense of purpose, and they are more willing to work towards achieving the group's objectives.
In contrast, groups that are less cohesive often lack a shared goal and a sense of purpose, which can lead to a lack of commitment and poor performance.Highly cohesive groups also have better communication, higher productivity, and better decision-making skills.
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why is foreign employment important ?
Answers
Answer:
Foreign employment can be important for a number of reasons, including:
Economic growth: Foreign employment can bring in significant amounts of foreign currency to a country, which can help to boost the economy.
Poverty reduction: Foreign employment can provide individuals and families with higher wages than they would be able to earn in their home country, which can help to reduce poverty.
Career development: Foreign employment can provide individuals with opportunities to gain new skills and experiences, which can help to improve their career prospects.
Cultural exchange: Foreign employment can also provide an opportunity for cultural exchange, which can help to promote understanding and tolerance between different countries and cultures.
Remittances: Foreign workers often send money back to their home country, known as remittances, which can be a major source of income for families and communities.
Human Development: Foreign employment can provide individuals with better access to education, healthcare, housing and other essential services, which can improve their overall quality of life and human development.
All in all, Foreign employment can have a positive impact on the economy and society by providing people with better living conditions, opportunities and increasing the GDP.
Answer:
Explanation:
Here are three primary reasons why foreign employment is beneficial for your business.
1.More innovation
A foreigner, being from a different country and culture will bring new ideas and ways to challenges. These insights can be used to enhance processes and systems.
Availability to global markets
2.Access to global markets
Numerous firms leverage the links their overseas employees have to their native nations. Consider a corporation with a German employee that desires to explore the German or European market. The employer is in an ideal position to request insight or even contacts from the German employee in order to create partnerships in Germany.
3.Better fulfilling working atmosphere
Most individuals like learning from their peers. Foreign workers have so much to give their coworkers in this aspect. Not only from a financial standpoint, but also from a personal and cultural standpoint. This makes the workplace more engaging and rewarding for every employee.
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At the end of Year 1 Bowers Company had $6,000 of assets, $2,000 of liabilities, $3,000 of common stock, and $1,000 of retained earnings. During Year 2 Bowers experienced the following events.
(1) Borrowed $4,000 cash.
(2) Earned $5,000 of cash revenue.
(3) Paid $3,000 of cash expenses.
(4) Paid $7,000 cash to purchase land
a. what is net income
b. what is CF from IA
c. what is total L?
Answers
Answer:
a.$2,000
b.($7,000)
c.$2,000
Explanation:
Calculation of Net Income
Revenue $5,000
Less Expenses ($3,000)
Net Income or (Loss) $2,000
Cash Flow from Investing Activities
Purchases of Land ($7,000)
Net Cash from Investing Activities ($7,000)
Calculation of Total Liabilities
Opening Balance (Year 1) $2,000
Cash Borrowed during Year 2 $4,000
Total Liabilities $6,000
Do you like Mr.Beast why or why not.
Answers
Answer:
yes i do
Explanation:
give four basic functions of the government
Answers
the 4 functions of government are:
1.maintain and make laws
2.raise taxes
3.protect environment
4.national defence
Answer:
listening to the citizens before making decisions .Helping in the development activities .making suitable rules and regulations for the country .Providing citizenship cards to the every citizens of the country .hope it is helpful to you
Mel suddenly finds an opportunity to sell boxed dinners. The new opportunity would require the use of the 30 percent unused capacity. The contribution margin from the dinners would amount to $3,000 annually. Required: a. If Mel decides to sell dinners, what are the total costs for both making and buying the cookies?
Answers
Answer:
$900
Explanation:
The computation of the total cost for both making and buying the cookies is given below:
But before that the variable cost per unit is
= (Cost of goods sold - fixed cost) ÷ (sales units)
= ($13,500 - $4,500) ÷ ($180,000 ÷ 6)
= $3
now the total cost is
= 300 × $3
= $900
Which of the following is not an example of professional behavior
?
Answers
Athletic Elite Inc. has 20,000 shares outstanding and nine directors. Its articles provide for cumulative voting.
1. What number constitutes a quorum of shareholders?
The answer to this question is for the quorum of shareholders at least 10001 shares must be represented. Why 10001 shares must be represented?
2. Assume that the corporation is holding a meeting to vote on a merger. How many votes will Miguel have? The answer is if the corporation is holding a meeting to vote on a merger Miguel will have 500 votes.
Why will Miguel have 500 votes instead of 1000?
Answers
The number that constitutes a quorum of shareholders is two. These two shareholders are allowed to be present in person or in proxy.
Why 10001 shares must be represented?10,001 shareholders must be represented because, in order for a decision to be made at the shareholder's meeting, at least 51% of the total number of shares or the group or persons holding over 50% of the share must vote in that direction. 10,001 represents over 50% of 20,000 shares.
Please note that there is insufficient information from the question to answer questions relating to Miguel.
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the project success criteria that functions as a quality check is: A) time.B) cost.C) performance.D) client acceptance
Answers
The project success criterion that functions as a quality check is "performance" (option C).
Performance refers to the extent to which the project delivers the desired outcomes and meets the defined objectives. It assesses whether the project has achieved its intended results in terms of functionality, effectiveness, efficiency, and other relevant performance indicators. While time (option A) and cost (option B) are important factors in project management, they primarily relate to the project's schedule and budget. They do not directly address the quality or performance of the project outcomes.
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Question 13 of 20
What would be the most likely consequence of making an
illegal turn while driving?
A. Collateral consequences
OB. Probation
C. Incarceration
D. A fine
Answers
Fine would be the most likely consequence of making an illegal turn while driving. The correct answer is option (D).
What is illegal turn while driving?When a driver makes an unsafe turn, it is regarded to be unlawful. These manoeuvres may involve doing a U-turn at an intersection with a "No U-turn" sign when the light is red or turning on red when there is a "No Turn On Red" sign.a railroad crossing, or nearby.
By going through a separating part, curb, strip of land, or two sets of the double yellow lines on a divided highway. if a curve, slope, rain, fog, or other obstruction prevents you from seeing 200 feet for each direction clearly They are prohibited because of how deadly they are, claims Arias. On how to merge back onto the freeway, only emergency cars are taught.
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An investor who reduces random risk by investing in a variety of types of investments is using
a. dollar-cost averaging.
b. rules and charts.
c. portfolio diversification.
d. the buy-and-hold approach.
Answers
An investor who reduces random risk by investing in a variety of types of
Portfolio diversification.
An investor who reduces random risk by investing in a variety of types of investments is practicing portfolio diversification. Portfolio diversification involves spreading investments across different asset classes, industries, sectors, or geographic regions. The goal is to reduce the impact of any single investment's performance on the overall portfolio.
By diversifying their investments, the investor aims to lower the risk associated with a specific investment or sector. This strategy helps to mitigate the potential losses that could occur if one particular investment performs poorly. By having a mix of investments, the investor seeks to achieve a balance that can potentially offset the negative impact of underperforming assets with the positive performance of others.
Dollar-cost averaging (option a) refers to investing a fixed amount of money at regular intervals, regardless of market conditions. Rules and charts (option b) typically pertain to technical analysis methods used to predict future price movements.
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Suppose that if your income is $100,000, your tax is $20,000, but if your income is $200,000, your tax is $45,000. Such a tax is
Answers
Answer:
"Progressive" would be the correct answer.
Explanation:
A Progressive tax was indeed determined by the capability of the tax authorities to charge or compensate. It wants to inflict a lower corporate rate of taxation on low-wage earners unlike those with maximum income levels. This would be generally accomplished by establishing taxation levels for the group of tax-paying citizens based on income frequencies.That is why the aforementioned seems to be the correct approach.
10 pts
Question 2
Shannon's best friend has been excluding her lately. They were supposed to go shopping
together, but her friend called and canceled. Shannon is upset about it. This is an
example of which type of problem?
Answers
According to O‘NET, what are the three
most common levels of education required for Biomedical Engineers? Check all that apply.
master's degree
some college, no degree
associate degree
bachelor's degree
high school diploma or its equivalent
doctoral or professional degree
Answers
Answer:
doctoral or professional degree
bachelor’s degree
master’s degree
Explanation:
According to O‘NET, the three most common levels of education required for Biomedical Engineers are master's degree, bachelor's degree, doctoral or professional degree. Thus option (a), (d) and (f) are correct.
What is Education?The education is a discipline that is concerned with methods of teaching and learning in schools or school-like environments as opposed to various non-formal and informal means of socialization (e.g., rural development projects and education through parent-child relationships).
Education can be thought of as the transmission of the values and accumulated knowledge of a society. In this sense, it is equivalent to what social scientists term socialization or enculturation.
The education is designed to guide them in learning a culture, molding their behavior in the ways of adulthood, and directing them toward their eventual role in society.
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Can't we run a business without training?
Answers
yes definitely.......
1 Determine the cost recorded in the journal for the following situation;
Blazing Co. is looking for a new stove and has narrowed down their purchase to two different stoves.
Stove 1 cost 1,500
Stove 2 costs 1,700
Negotiated cost for Stove #2 1,400
They ran the numbers and decided that they want to purchase stove #1
They were able to negotiate the price on stove #1 to be $50.00 cheaper.
Cost of Stove
Answers
The information that must be recorded in the accounting book of the Blazing Co. company is the final price of stove #1, that is, $1,450.
What is the final price of stove #1?To calculate the price of stove #1 we must discount $50.00 (discount) from its initial sale price.
$1,500 - $50 = $1,450According to the above, its final price would be $1,450
What information do we record in the ledger?The information that we must record in the accounting book of the Blazing Co. company is the price at which the stove was purchased, that is, $1,450.
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If a bank protected by the FDIC fails, then all of the individuals who have deposited money into the bank _____. a. Are restricted from ever using a bank again b. Will be reimbursed by the federal government c. Have lost all of their money and savings forever d. Become members of the Federal Reserve Bank
Answers
If a bank protected by the FDIC (Federal Deposit Insurance Corporation) fails, then all of the individuals who have deposited money into the bank will be reimbursed by the federal government.
The FDIC is an independent agency of the federal government that provides deposit insurance to protect depositors in case a bank or savings institution fails. The standard deposit insurance amount is $250,000 per depositor, per insured bank, for each account ownership category.
If a bank fails and is unable to return deposits to its customers, the FDIC steps in to pay depositors up to the insured amount. This means that the individuals who have deposited money into the bank will not lose their money, as long as it is within the insured amount.
The first step in developing a competitive retailing strategy is to ________.
- identify a target market
- decide on general product categories
- decide on the best location
- identify the necessary level of customer service
Answers
The first step in developing a competitive retailing strategy is to identify a target market. Identifying a target market is a crucial initial step in developing a competitive retailing strategy. The correct option is identify a target market.
This involves understanding the specific group of customers that a retailer aims to serve and cater to with their products or services. By identifying a target market, retailers can tailor their strategies to meet the needs, preferences, and demands of that specific customer segment.
The target market identification process involves conducting market research, analyzing customer demographics, psychographics, and behavior, and understanding the competitive landscape. This information helps retailers determine the most suitable products, pricing, promotions, and customer experience to attract and retain their target customers.
Once the target market is identified, retailers can proceed to make decisions on general product categories, the best location for their stores, and the necessary level of customer service. These subsequent steps are built upon the foundation of understanding the target market and aligning the retailing strategy to meet their needs effectively.
In summary, identifying a target market is the first step in developing a competitive retailing strategy. It serves as the basis for making informed decisions regarding product categories, location, and customer service levels to create a compelling and competitive retail offering.
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