Eva is 29 years old and has 2 children, ages 3 and 5. She makes $48,500 a year. Eva decides to buy a $400,000 10-year term policy and then renew the policy for another ten years afterwards. To renew the policy the insurance company charges an extra 40% to her premium rate. Given the options below, assess whether Eva made a wise decision. Annual life insurance premium (per 1,000 dollars of face value) for age 29. A 20-year term for male is 7 dollars and 84 cents, and for female is 6 dollars and 62 cents. 20-year term: for male is 10 dollars and 40 cents, female is 9 dollars and 4 cents. Whole life: male is 20 dollars and 5 cents and female is 18 dollars and 63 cents. A. Eva would have been better off selecting the 20-year term policy. B. Even with the extra charge for renewal, Eva’s plan is the least expensive. C. Given that Eva plans to renew, she should have selected the whole life policy. D. Eva ends up paying the same amount for each policy. Please select the best answer from the choices provided A B C D.

Answers

Answer 1

The best answer from the answer choices that were provided is that even with the extra charge for renewal, Eva's plan is the least expensive.

From the question, Eva is 29 and has two kids of 3 and 5. Her plan is to get the $400000 and renew it for another 10 years.

The renewal policy after 10 years is 40%, at the moment, her financial condition seems okay.

But given that the future can not be predicted and her kids are still growing, we are not sure what her finance may be like in 10 years time.

So we can agree with option B. This is a sensible decision.

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Related Questions

Which it visionary and ceo revolutionized how we communicate with his company named after a fruit?

Answers

Steven P. Jobs, the visionary co-founder of Apple who helped usher in the era of personal computers and then led a cultural transformation in the way music, movies and mobile communications were experienced in the digital age, died Wednesday. He was 56. The death was announced by Apple, the company Mr.

Inflexible or unreliable processes cause organizations to produce goods before they are required; this is called: A. excess motion. B. inappropriate processes. C. overproduction. D. defects.

Answers

According to business operation and standards, inflexible or unreliable processes cause organizations to produce goods before required; this is called "Overproduction."

What is Overproduction?

Overproduction is a term used to describe a situation in which a business firm produces or supplies an excess quantity of products that is way more than the quantity demanded in the market.

Overproduction of products usually leads to lower prices and sometimes unemployment of labor.

Hence, in this case, it is concluded that the correct answer is option C. "Overproduction."

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4. Economists measure opportunity cost
A. only when it is on the margin.
B. as the best thing given up.
C. as the sum of all forgone opportunities.
D. as the same as marginal benefit.

Answers

Answer:

Option A is the correct answer.

Foreign and domestic merchandise may be moved into Foreign Trade Zones (unless prohibited by law), for activities such as storage, exhibition, assembly, manufacturing, and processing. Foreign and domestic merchandise may be moved into Foreign Trade Zones (unless prohibited by law), for activities such as storage, exhibition, assembly, manufacturing, and processing. True

Answers

There are different types of trade zones. Foreign and domestic merchandise may be moved into Foreign Trade Zones is a true statement.

Foreign-Trade Zones (FTZ) are known to be well secure regions under U.S. Customs and Border Protection (CBP) supervision that are known to be outside CBP territory and are considered outside the U.S. commerce.  

These Trade Zones are found in or near CBP ports of entry that are legalized by the Foreign Trade Zones Board.

Foreign and domestic goods can be transported into zones for work, may not be hindered by law. Theses including storage, exhibition, assembly, manufacturing etc.

It is known as a stated location in the United States where companies use special customs rules that help boast U.S. activity and value added services.

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An investor purchased 50 shares of stock in a company in 2015. At the time the investor purchased the stock, the value of the stock was priced at $5 per share. The investor sold all 50 shares of stock in 2019. The value of the stock at the time of sale was $6.50 per share. What is the capital gain the investor earned on this investment?

$250

$325

$75

$50

Answers

Answer:

$75

Explanation:

$5 to $6.5 is a 1.3% increase and if the investor bought 50 shares of $5 he bought a total of $250 worth of stock. If you multiply the $250 by 1.3% it will be $325. But the question asks for the capital gain so you would subtract $325 and $250 which is $75.

If the value of the stock at the time of sale was $6.50 per share. The capital gain the investor earned on this investment is $75.

Capital gain

Using this formula

Capital gain=(Number of shares× increase in value of stock)

Let plug in the formula

Capital gain=[50x ($6.50 per shares- $5 per shares)]

Capital gain=50× $1.50 per shares

Capital gain=$75

Therefore the capital gain the investor earned on this investment is $75.

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If country A has a comparative advantage in the production of good X over country B, then: _______________

a. country A should not trade with country B.
b. the domestic opportunity cost of producing X in country A is higher than in country B.
c. the domestic opportunity cost of producing X in country A is lower than in country B.
d. the domestic opportunity cost of producing X in country A is higher or lower than in country B.

Answers

Considering the situation described above, if country A has a comparative advantage in producing good X over country B, then: the domestic opportunity cost of producing X in country A is lower than in country B.

What is Opportunity Cost?

Opportunity cost is often used in economics to describe the profit lost when one choice or option is taken over another.

What is Comparative Advantage?

Comparative Advantage is the term used to describe the economy's capacity to produce a specific good or service at a lower opportunity cost than its trading competitors.

Therefore, given that country A has a comparative advantage in producing good X over country B, this equates to country A having a lower opportunity cost than country B.

Hence, in this case, it is concluded that the correct answer is option C.

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Match the terms.

a. Initial Markup
b. Additional Markup
c. Markup cancellation
d. Markdown
e. Markdown cancellation

1. original amount of markup from cost to selling price
2. Increase in selling price subsequent to initial markup
3. Elimination of an additional markup.
4. Reduction in selling price below the original selling price
5. Elimination of a markdown

Answers

I could be completely wrong here but I believe just by breaking down the terms and some common sense... I THINK the answers match up. like a1, b2, c3, d4, e5. If I'm wrong I'm so sorry! But if i'm right I'd love a Brainliest...

Given a GDP deflator of 120 and a Nominal GDP of 7.8 billion dollars, calculate Real GDP. (1 point)
O 6.5 billion dollars
O 9 billion dollars
09.36 billion dollars
O 6.6 billion dollars

Answers

Answer:

It's 6.5

Explanation:

7.8/(120/100)=6.5

A GDP is calculated as Nominal GDP is divided by the GDP deflator.

The calculation is shown below

$7.8 / $120

=0.065

The answer needs to be multiplied by 100

and therefore

0.065 * 100

= 6.5 billion dollars

The answer is 6.5 billion dollars.

What is GDP?

GDP stands for Gross Domestic Product of a country this represents total monetary value of goods and services produced in a country during a specified period of time.

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Explain the difference between goods and services.

Answers

Answer:

Goods are things you buy. For example, if you were to buy fruits from a supermarket, you would be buying goods. Services are something you pay for to benefit you in some way. If you were to go to a hair salon or a nail salon, you would be paying for services.

Explanation:

Answer:

is your  fat

Explanation:

is your fat

how do you wheeze?becasue im lost

Answers

Answer:

breathe out, but try to restrict some of the air passage.

Explanation:

i think plz mark me brainliest

If Kevin is currently insured under Leroux for his medical insurance under Plan A, how will the proposed changes affect his health care costs? a. Costs for regularly scheduled health care will go down, but Kevin may end up paying more if he finds himself seriously ill or injured. B. Costs for regularly scheduled health care will go up, but Kevin will probably pay less than he would have if he finds himself seriously ill or injured. C. Both the cost for regularly scheduled health care and the cost for emergency health care will go down, making the changes very good for Kevin. D. Both the cost for regularly scheduled health care and the cost for emergency health care would go up, contradicting the intentions of Leroux Insurance.

Answers

Considering the case, of Kelvin, if he currently insured under Leroux for his medical insurance under Plan A, then, Costs for regularly scheduled health care will go down, but Kevin may end up paying more if he finds himself seriously ill or injured.

What is health insurance?

Health insurance can be regarded as the type of insurance that cover hospital visits as well as prescription drugs and wellness care.

Most health insurance do cover some other range of services such as cosmetic procedures and beauty treatments.

Since, Kelvin is currently insured under Leroux, then Costs for regularly scheduled health care will go down.

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Answer:

A!!!!!!!

Explanation:

Just believe me I got this

Chad bought a cabin in the mountains for $45,000. He repaired the furnace, redecorated the interior, and repainted the exterior. All of this work totaled just over $7,000. When he tried to resell it, the best offer he got for his cabin was $48,500. Which principle of valuation does this scenario exemplify

Answers

The principle of valuation that the scenario exemplifies is called the principle of contribution.

Data and Calculations:

Cost of cabin = $45,000

Maintenance cost = $7,000

Resale value = $48,500

Shortfall in investment cost = $3,500 ($48,500 - $45,000)

The principle of contribution states that the worth of an improvement is  the market value of the entire property, despite the cost of the improvement. If Chad wanted to make some profit on the sale, he should not incur more maintenance cost than the market is ready to accept.

Thus, the principle of valuation that the scenario exemplifies is called the principle of contribution.

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Juan earns a gross pay of $44,500. His employee benefits are 18% of his gross pay. What is the value of his benefits?

Answers

Answer: I think its $8,100

Explanation:

i hope it helps

The international agency that administers trade agreements, facilitates trade negotiations, and helps to resolve trade disputes, is

Answers

World Trade Organziation

It is important for the salesperson to pay close attention to the buyer's interests during the need discovery phase to:

Answers

Based on business strategy, the salesperson needs to pay close attention to the buyer's interests during the need discovery phase to "uncover the dominant buying motives."

What is the Need Discovery Phase?

The need discovery phase is when firms or salespeople try to understand the motives of the consumers, their needs, and requirements.

As a salesperson, knowing why the buyer or consumer wants to buy a product will give you an edge to know how to market your products to the consumer.

Hence, in this case, it is concluded that the correct answer is "uncover the dominant buying motives."

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Why does Staples participate in Anti-Money Laundering Compliance?

To improve business performanceTo prevent illegal activity and terrorismTo prevent fraud

Answers

The main reason why Staples participates in Anti-Money Laundering Compliance is to prevent illegal activity and terrorism

Based on the given question, we can see that money laundering is a federal offense which is punishable by law and is aimed at preventing money fraud whereby large sums of (illegal) money are moved from one place to another, usually to finance other illegal activities.

With this in mind, Staples which is a US Online Store which sells business essentials such as computers, printing services, etc engage in the Anti-Money Laundering Compliance so as to prevent illegal activity and terrorism

Therefore, the correct answer is option B

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a $5,000 tv ad will cause 250 people to attend a show, while a $4,000 newspaper ad will cause 280 people to attend. bob wants to use the most effective method to get 500 people to attend a show. which advertising method should he use?

Answers

i will advice Bob to use the most effective method which is Newspaper advertisement for his show.

The data collected includes:

$5,000 tv ad will make 250 people to attend the show.$4,000 newspaper ad will make 280 people to attend the show.

From the data, we will observe that the newspaper advert is more economical and cost saving because Bob will be able to spend less and get more people to his show in comparison to Tv ads.

In conclusion, i will advice Bob to use the most effective method which is Newspaper advertisement for his show

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If you decide to advertise in a newspaper, which tip could be used to help you write an effective and appealing ad?

Answers

If you decide to advertise in a newspaper, the tip that could be used to help you write an effective and attractive ad is to create a headline that catches your target audience's attention, as this is the first contact with your ad that may cause interest in advertising.

Some tips for writing an effective ad in a newspaper are:

Determine the target audienceDetermine ad contentBuild a good layoutOffer unique opportunitiesCall consumers to action

Therefore, it is essential that when choosing the channel where your ad will be published, you verify that it is the most appropriate channel to attract the attention of your audience.

In a newspaper, it is effective to use advertisements that portray urgency, opportunity, and calls to action.

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PLEASE HELP

Select the two statements about owners of equity in a business that are TRUE.


Question 6 options:


A Partner owns equity.



Contractors own equity.



All stakeholders own equity.



Founders own equity.

Answers

Considering the equity ownership analysis, the two statements about owners of equity in a business that is TRUE include "A Partner owns equity and Founders own equity."

What is Owners Equity?

Owners Equity is a business term that is used to describe the right of the owners to the business assets after the liabilities are removed.

Given that owners' equity relates to the business's assets, then it is concluded that the founders and partners of the business own equity.

Hence, in this case, it is concluded that the correct answer is options A and D.

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Integrated Marketing Communication involves coordinating only paid personal communications. True False

Answers

it is false that Integrated Marketing Communication involves coordinating only paid personal communications because it involves paid and non-paid personal communications.

A paid personal communications entails the communication channel which requires payment such as advertisement.

An Integrated Marketing Communication entails integrated marketing elements which helps to communicate with the customers.

The element of Integrated Marketing Communication includes:

public relationssocial mediaaudience analyticsadvertising etc

In conclusion, it is false that Integrated Marketing Communication involves coordinating only paid personal communications because it involves paid and non-paid personal communications.

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Discuss the value of technology in business

Answers

Answer:

technology has helped business in many ways from it making it easier to shop via the internet and also for the businesses to start putting more and better advertisements then what they were doing before, technology has also made it easier to create the products as well as examine them for flaws.

Explanation:

What are the dimensions of situational control identified by Fiedler's contingency leadership model? (Check all that apply.)

Answers

There are ways to control different situations. The dimensions of situational control Fiedler's contingency theory are leader-member relations, task structure, and position power.

Fiedler's is popularly known for his contingency theory. This theory helps to understand why managers can behave so differently.

The contingency theory states that there no one single leadership style often works for all employees.

He stated also that there are situational-contingent elements that influences a leader's ability to lead.

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if the federal reserve decided to include virtual money like bitcoins in its measure of the money supply, what would be the effect on m1 or m2?

Answers

If the Fed decided that virtual money should be included in money supply, we would see a situation where both M1 and M2 increase/ rise.

M1 is:

The most liquid money instruments Inclusive of cash and close instruments

If virtual money was counted as money, it would increase M1 because virtual money is very liquid as it can easily be converted to cash so it would be counted as M1.

M2 would increase because M1 is part of M2.

In conclusion, both M1 and M2 would increase.

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You work in sales, and you find your work to be more of a lifestyle than a job. It often involves complex customer situations and weeks of preparation and problem solving to help find workable solutions for those situations. You enjoy it because it enables you to travel to many places and interact with people continuously. However, much of your work involves careful follow-up after your customer visits. Which personal sales channel have you chosen as a career

Answers

There are different aspect of sales. The personal sales channel have you chosen as a career is Field selling.

There are different kinds of selling. they include;

Transactional sellingConsultative sellingField selling  Collaborative selling, etc.

Field marketing which is commonly described as field selling is known to be an old method in direct marketing.  It is when people are involved in distributing, auditing, selling etc., on the field. It is known to be a one-way communication tool.

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Long setup times enable a manufacturer to have frequent changeovers and move toward single-piece flow, thus achieving high flexibility and product variety. a. True b. False

Answers

Answer:

b. false is the answer

Explanation:

what are the advantages of 2022 versa’s cvt having auxiliary gearing?

Answers

Based on automobile features analysis, the advantage of 2022 versa’s CVT having auxiliary gearing is that "it gives the car the ability to move over different surface types such as rocky land, hills, sand, mud, grass, etc."

Auxiliary gearing in 2022 versa’s CVT

The Auxiliary gearing in 2022 versa’s CVT is designed to transmit power from the engine to the wheels to make all the wheels gain transmitted power, torque, and traction and navigate easily.

Auxiliary gearing in 2022 versa CVT gives the car the ability to move quickly regardless of the nature of the surface.

Hence, in this case, it is concluded that the Auxiliary gearing enhances the easy navigation of cars.

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Annual percentage rate (APR) is:
A. a yearly fee charged on a credit card.
B. the total cost of a loan per year, expressed as a percentage.
C. the interest rate on a loan expressed as a percentage.
D. an interest rate that compounds yearly.
SUBMIT

Answers

Answer:

B.The total cost of a loan per year expressed as a percentage

Jasmine has a gross pay of $754. 80. By how much will Jasmine’s gross pay be reduced if she has the following items withheld? federal tax of $31 Social Security tax that is 6. 2% of her gross pay Medicare tax that is 1. 45% of her gross pay state tax that is 18% of her federal tax a. $94. 32 b. $192. 83 c. $224. 60 d. $323. 11.

Answers

Based on her gross pay and the deductions to be made, after Jasmine pays off all these things, her pay would be less by a. $94.32.

The deductions that Jasmine needs to make are:

= Federal tax + Social security tax + Medicare tax + State tax

Solving the above would give:

= 31 + (6.2% x 754.80) + (1.45% x 754.80) + (18% x 31 which is federal tax)

= 31 + 46.7976 + 10.9446 + 5.58

= $94.32

In conclusion, her gross pay would be less by $94.32

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Sanjana facilitated a hiring committee for her advertising company. Six employees (including two managers) met together to discuss applicants and select the finalists for a creative art director for the public relations department. Although the head of public relations would have the final nod on the candidate that would ultimately be hired, the evaluative work of the committee was very important because this group would send forward those persons they believed would be good work colleagues. In setting up this type of hiring process, the head of public relations was utilizing a(n) __________ style of leadership.

Answers

Answer:

D) participative

Explanation:

A participative leader is someone who is really involved in the company's activities and will be willing to receive input or advice from different employees and staff members. The leader will be open to consider the opinions of different staff members during decision making processes.

The leader as well as his/her staff members will be able to access all the relevant information and discuss possible options. Some participative leaders will also be willing to decide important issues through majority votes that include the leader and important staff members.

Global Petroleum negotiated a deal with Saudi Arabia in which Global Petroleum would build several refineries in Saudi Arabia and receive oil as partial payment over a 20-year period. This is an example of

Answers

Considering the situation described above, when Global Petroleum negotiated a deal with Saudi Arabia, this is an example of Bartering.

What is a Bartering?

Bartering is a transaction agreement whereby both parties agree to pay with goods or services without using money.

Therefore, in this situation, when Global Petroleum negotiated with Saudi Arabia to receive oil as partial payment over 20 years. This is an example of Bartering.

Hence, in this case, it is concluded that the correct answer is Bartering.

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