Solve the problem.An insurance company has written 98 policies of $50,000, 499 of $25,000, and 946 of $10,000 on people of age 20. If the probability that a person will die at age 20 is .001, how much can the company expect to pay during the year the policies were written?
A. $26,835
B. $2684
C. $0
D. $268,350
Answer: A
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Solve the problem using the rule of 78.Caroline Jones took out a 48-month fixed installment loan of $21,000 to open a restaurant. She began making monthly payments of $511.88. Caroline's business does better than expected and instead of making her 29th payment, Caroline decides to repay her loan in full. What is the total amount due to pay off the balance?
A. $9148.84 B. $9789.26 C. $9660.71 D. $9184.43
Solve the problem.After receiving a discount of 12.5% on its bulk order of typewriter ribbons, John's Office Supply pays $2625. What was the price of the order before the discount?
A. $3000 B. $2428 C. $2297 D. $2953
Solve the problem.What is the rate on an investment that doubles $2520 in 17 years? Assume interest is compounded quarterly.
A. 4.1% B. 5.1% C. 3.1% D. 2.0%
Simplify. 42 + 82 ÷ 22
A. 32 B. 20 C. 84 D. 36