At age 20, Zia purchased a 20-payment life insurance policy with face value of $415,000. She is now 40 and wants to cancel her policy. Use Table 19-3 from your text to calculate the amount of reduced paid-up insurance to which she is entitled

A) $41,500
B) $354,665
C) $382,530
D) $415,000


D

Business

You might also like to view...

As manager of a sales territory, a salesperson is responsible for providing solutions to customers' problems.

Answer the following statement true (T) or false (F)

Business

Conflicts between two mutually exclusive projects occasionally occur, where the NPV method ranks one project higher but the IRR method ranks the other one first. In theory, such conflicts should be resolved in favor of the project with the higher positive NPV.

Answer the following statement true (T) or false (F)

Business

There is an inverse relationship between interest rates and bond values

Indicate whether this statement is true or false.

Business

The critical chain method is a schedule method that modifies the critical path to account for limited resources

Indicate whether the statement is true or false

Business