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Carl Pitt is 35 years old. He wants to purchase a $50,000, 5-year term life insurance policy. The premium per $1,000 is $2.50. What is his annual premium? A. $125.00 B. $235.45 C. $156.22 D. $326.88
b
Expert answered|wisdomofthephoenix|Points 186|
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Asked 12/5/2010 12:31:25 AM
Updated 360 days ago|3/4/2023 12:20:19 AM
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Carl Pitt is 35 years old. He wants to purchase a $50,000, 5-year term life insurance policy. The premium per $1,000 is $2.50. $125 is his annual premium.
Solution
Annual Premium = 50000 * (2.50/1000)
Annual Premium = $125
Added 360 days ago|3/4/2023 12:20:19 AM
This answer has been confirmed as correct and helpful.
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Luisa Perez had a balance of $541.82 in her checking account on January 7. On January 10 she wrote a check to Marty's Hair Salon for $27.19. What is her new balance? A. $494.63 B. $569.01 C. $514.63 D. $27.19
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Check amount = $27.19
New balance = Previous balance - Check amount
New balance = $541.82 - $27.19
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So, Luisa Perez's new balance is $514.63,
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