A set of observations on a variable measured at successive points in time or over successive periods of time constitute a
A. geometric series.
B. time invariant set.
C. time series.
D. logarithmic series.
Answer: C
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Answer the following statements true (T) or false (F)
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David purchased a $100,000 participating whole life policy. The annual premium is $2,280. Projected dividends for the first 20 years are $15,624. The cash value after 20 years will be $35,260
If the premiums were invested at 5 percent interest for 20 years, the premiums would grow to $79,156. If the dividends were accumulated at 5 percent interest for 20 years, they would grow to be $24,400. The amount to which $1 deposited annually will accumulate in 20 years at 5 percent interest is $34.719. Based on this information, what is the net payment cost per thousand per year of David's policy over the 20-year period? A) $5.62 B) $13.75 C) $15.77 D) $27.38
When computing an interest or growth rate, the rate will decrease with an increase in future value, holding present value and the number of periods constant
Indicate whether the statement is true or false