Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 25, 2024

3 0 year old man insures himself for 2 0 years with a death benefit of 1 million dollar and if he lives to the

$30$ year old man insures himself for $20$ years with a death benefit of $1$ million dollar and if he lives to the age of $50$ he gets $1 / 2$ million dollar. If the maximum annual premium payment is only $10$ times. What is the reserve at the end of $15$ years?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Accounting

Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik

10th edition

0-07-794127-6, 978-0-07-79412, 978-0077431808

Students also viewed these Finance questions

Question

Using Tables A.8 and A.9, determine the approximate value of the ????-value in (a) a two-tailed test with 22 degrees of freedom when ????obs = 2.88. (b) a two-tailed test with 20 degrees of freedom...

Answered: 1 week ago

Question

★★★★★

Ayden Inc. has an issue of preferred stock outstanding that pays a $5.90 dividend every year, in perpetuity. If this issue currently sells for $87 per share, what is the required return?

Answered: 1 week ago

Question

★★★★★

A key qusitative aspect of financial reporting is that ittal re economic nce of the entity. Describe the 3 features of faithful representation tomgleteness neutrality, and free from erro The...

Answered: 1 week ago

Question

★★★★★

SprayCo Inc. develops and produces spraying equipment for lawn maintenance and industrial uses. On March 9 of the current year, SprayCo reacquired 1 7 , 0 0 0 shares of its common stock at $ 3 0 per...

Answered: 1 week ago

Question

★★★★★

Define induction and what are its objectives ?

Answered: 1 week ago

Question

★★★★★

Discuss the techniques of job analysis.

Answered: 1 week ago

Question

★★★★★

How do we do subnetting in IPv6?Explain with a suitable example.

Answered: 1 week ago

Question

★★★★★

Explain the guideline for job description.

Answered: 1 week ago

Question

★★★★★

What is job description ? State the uses of job description.

Answered: 1 week ago

Previous Question Next Question

Question

3 0 year old man insures himself for 2 0 years with a death benefit of 1 million dollar and if he lives to the

30 year old man insures himself for 20 years with a death benefit of 1 million dollar and if he lives to the age of 50 he gets 1/2 million dollar. If the maximum annual premium payment is only 10 times. What is the reserve at the end of 15 years?

Step by Step Solution

Step: 1

Get Instant Access with AI-Powered Solutions

Step: 2

Step: 3

Ace Your Homework with AI

Recommended Textbook for

Advanced Accounting

Students also viewed these Finance questions

Question

Question

Question

Question

Question

Question

Question

Question

Question

$30$ year old man insures himself for $20$ years with a death benefit of $1$ million dollar and if he lives to the age of $50$ he gets $1 / 2$ million dollar. If the maximum annual premium payment is only $10$ times. What is the reserve at the end of $15$ years?