Gary is a life insurance agent and financial planner. Gary represents an insurer that offers medical expense coverage. the coverage has a $3,500 per-hospitalization deductible and 80-20 coinsurance. if Carrie purchases this coverage and is hospitalized for a surgical procedure, how would a $50,000 bill from the hospital be settled? assume all of the expenses are eligible for coverage. Clearly indicate what Carrie would pay and what her insurer would pay.

Carrie will receive $925 per-month in social security survivor benefits if her husband dies. These benefits would be payable for seven years (84 months). assuming an interest rate of 6% compounded monthly (half of one percent per month (0.005 or 5%)), what is the present value of these benefits?