Jamie is the beneficiary of P1,000,000 insurance policy. Instead of taking the money as lump sum, she opted to recelve a monthly stipend over a period of 10 years. If the insurance policy pays an interest of 5% compounded annually, what will be her monthly stipend? a. P10,876.24 b. P15,456.36 c. P11,356.68 d. P10,552.28

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Q: Martin has $4,200 in doctor bills for the year. His deductible is $300. His policy pays 80% once he…

A: Martin pay including his deductible=$4,200-$300×80100+$300=$3,420

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A: The computation of the present value as follows:

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Q: Suppose Brianna invests $1300 each year for 5 years, in annuity that pays 6% annual interest,…

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