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I NEED CORRECT ANSWER FOR THIS. PLEASE VERIFY YOUR ANSWER BEFORE YOU POST. THANKS IN ADVANCE. Sasparilla County is deciding between two health insurance policies.

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I NEED CORRECT ANSWER FOR THIS. PLEASE VERIFY YOUR ANSWER BEFORE YOU POST. THANKS IN ADVANCE.

image text in transcribed
Sasparilla County is deciding between two health insurance policies. The county has 15 employees. HealthSavers would require $104291 today, and would then charge $11,795 per employee per year. HealthSavers requires a 3year contract. Note that the charge per employee will begin at the end of year 1 and the nal payment will occur at the end of year 3. Wellness, lnc. requires a 4year contract. Wellnesanc. charges $30,977 per employee per year. with the rst payment occurring at the end of year 1 and the last payment occurring at the end of year 4. The charge will increase by 15% each subsequent year. If the county can enroll all of its employees in a healthy living course, Wellness, Inc. will provide a rebate of $9,040 at the end of year 4. Assume that the county is able to enroll all of its employees in the course. Assume an interest rate of 10%, compounded annually. Comparing the two policies. what is the Quivalent HealthSavers plan.) Note: If you are completing this problem again, be sure to calculate the annual worth for the correct plan. Enter your answer in this format: 12345 Round your answer. Do not use dollar signs ($) commas L], or a decimal point ("."]

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