2. The present value of 24 monthly insurance payments of $265 at 6% is nearest to = 265 (P/A, 0.5, 24)= a) $3325 b) $3525 M $5980 $6010 ΤΙ 205(22.563)=
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- What is the total effect on the economy of a government tax rebate of $500 to each household in order to stimulate the economy if each household will spend of the rebate in goods and services?A life insurance company has 1,500 policies averaging Rs. 2,000 on lives at the age 30. From the past experience, it is found that out of 1,00,000 alive at the age of 30; while 99,000 are alive at age 3 Find the lower and the upper value of the amount that the company will have to payout in insurance during the year.In a certain company, employees contribute to a welfare fund at the rate of 4% of the first $1000 earned, 3% of the next $1000, 2% of the next $1000 and 1% of any extra monies. How much will an employee who earned $20,000 contribute to the fund?
- If the mortality rate under one month infants in a country is 2.5 per thousand, and the same rate for infants up to two months is 6 per thousand: A) What is the approximate mortality rate of 1000 infants in the second month of life? B) What is the probablity that 2500 babies born in that country in one day will reach one month old?Assuming that workers' salaries in your company are uniformly distributed between $30,000 and $90,000 per year. Find the amount of money that 45% of the workers make more than that value?A loan of $3325.00 is to be repaid by three equal payments due in 102 days, 157 days and 189 days respectively. Determine the size of the equal payments at 12.15% p.a. with a focal date of today
- Suppose a company charges a premium of $150 per year for an insurance policy for storm damage to roofs. Actuarial studies show that in case of a storm, the insurance company will pay out an average of $8000 for damage to a composition shingle roof and an average of $12,000 for damage to a shake roof. They also determine that out of every 10,000 policies, there are 7 claims per year made on composition shingle roofs and 11 claims per year made on shake roofs. What is the company’s expected value (i.e., expected profit) per year of a storm insurance policy? What annual profit can the company expect if it issues 1000 such policies? Determine the probability of a composition shingle roof claim out of 10,000 = ______ Determine the probability of a shake roof claim out of 10,000 = ______ How many claims are made out of 10,000? = _______ What is the probability of no claims out of 10,000? = _______ How much does each shingle roof claim cost the company, don’t forget each person pays $150…Calculate the approximate price relatives to two decimal places for the MTN and Vodacom stocks over theperiod in question. Calculate the approximate quantity relatives to two decimal places for the MTN and Cell C stocks overthe period in question. Looking at the stock information in figure 2, what would you conclude about the South African MobilePhone sector between 2008 and 2011? Calculate approximately to 3 decimal places the composite price index for all three stock between 2008and 2011. . Calculate approximately to 3 decimal places the composite quantity index for all three stocks for theperiod 2008 to 2011.What is the worth of Mr. Wat's portfolio after three months?
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