Please help, personal finance question

Dave has a life insurance policy with $2.2 million benefit. If this money was put into an account with a 3.4% interest rate, how much income can his beneficiaries expect i case Dave dies?

A $74, 800

B $20, 600

C. $60, 000

D $40, 000

Answers

Answer 1

Answer:

Step-by-step explanation:

Please Help, Personal Finance Question Dave Has A Life Insurance Policy With $2.2 Million Benefit. If
Answer 2

The maximum value can reach $74, 800 if Dave Dies.

What is Exponential Growth

Insofar as they use compound interest, life insurance premiums are equivalent to bank interest rates. We may use the exponential growth formula to get the insurance policy payout because they are compound interests. Those being the following,

Given:

T = [tex]a(1+r)^t[/tex]

Where:

T is the final payout, a is the initial amount, r is the interest rate in decimal form and t is the time.

So, T = [tex]2200000(1+ 0.034)^t[/tex]

let Dave dies after 2 years of buying his life insurance the beneficiaries will get the following payout.

T = [tex]2200000(1+ 0.034)^2[/tex]

T= 2200000 ( 1.069156)

T = $23,52,143.2

So, the maximum value can reach $74, 800.

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Related Questions

Given: ΔPSQ, PS = SQ PΔPSQ = 50 SQ – PQ = 1 Find: Area of ΔPSQ

Answers

The first part is to find the length SQ which is equal to SP.
Use the sine rule.
SQ/sin 65 = (SQ - 1)/Sin50
(sin50)/(sin 65) = (SQ-1)/SQ
0.8452(SQ) = SQ-1
0.1547SQ = 1
SQ = 6.46 
The formula to apply here is:
Area=1/2(SQ)(SQ)sin50
        = 0.5 × 6.46 × 6.46 × sin50
        = 15.984

(Photo) Pls help me!
The 3 sections of a game spinner are numbered 1 to 3. Which tree diagram shows all the possible outcomes for 2 spins?

Answers

C, there are 3 options the first time, and after that, there are 3 options for each of those. So it would be C.

The tree diagram shows all the possible outcomes for 2 spins C is correct.

We have given that,

The 3 sections of a game spinner are numbered 1 to 3.

We have to determine, which tree diagram shows all the possible outcomes for 2 spins.

There are 3 options the first time and after that,

There are 3 options for each of those.

So it would be C.

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Estimate x- and y- intercepts of the graph

Answers

we know that

the x-intercepts is the value of x when y=0
the value of x is approximate 1
x=1 for y=0

the y-intercepts is the value of y when x=0
the value of y is approximate -2
y=-2  for x=0

jeffs water bill includes a base charge of 12.00. plus a charge of 1.50 for each 1000 gallons of water used. his water bill is 28.50. how many gallons of water did jeff use?

Answers

ok u have to subtract 28.50 from 12 that is 16.50 and then u divide it by 1.50 then multiply the dividend that's your answer. I belive its 11,000 gallons.
Final answer:

Jeff has used 11,000 gallons of water. We find this by subtracting the base charge from the total bill and dividing it by the cost per 1000 gallons.

Explanation:

The water bill that Jeff receives is made up of a base charge of $12.00, plus an additional charge of $1.50 for each 1000 gallons of water used. From the given information, we know that Jeff's bill came to $28.50. To find out how much water Jeff used, we first need to subtract the base charge from the total bill which gives us $16.50. Now we divide this number by the cost per 1000 gallons, which is  $1.50. Therefore, we can say that Jeff used 16.50 ÷ 1.50 = 11 units of water. Since 1 unit refers to 1000 gallons, Jeff has used 11,000 gallons of water.

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What is the length of the altitude of the equilateral triangle below?

Answers

the actual right answer is c.

ANSWER

The length of the altitude is [tex]3\sqrt{3}[/tex] units


EXPLANATION

The altitude of a triangle is the vertical height of the triangle.


From the diagram the altitude is [tex]a[/tex]


Method 1: We can use Pythagoras theorem to find [tex]a[/tex]


[tex]6^2=a^2+3^2[/tex]


[tex]6^2-3^2=a^2[/tex]


[tex]36-9=a^2[/tex]


[tex]27=a^2[/tex]


We take the square root of both sides,

[tex]\sqrt{27}=a[/tex]


[tex]\sqrt{9\times3}=a[/tex]


[tex]\sqrt{9} \times \sqrt{3}=a[/tex]


[tex]3\sqrt{3}=a[/tex]


Method 2 Using Trigonometry

[tex]sin(60\degree)=\frac{a}{6}[/tex]

[tex]6sin(60\degree)=a[/tex]


[tex]a=6\times \frac{\sqrt{3}} {2}[/tex]


[tex]a=3\sqrt{3}[/tex]






Which relations represent functions ?

Answers

Answers 1 and 3 are functions.

Answer: First and third

Step-by-step explanation:

A function is a special kind of relation between two variable such that each input corresponds to exactly one output.

In the given pictures, the first and third picture are representing function  because each input corresponds to exactly one output.

In second and fourth picture one input value corresponds to two output values.

i.e. a corresponds to 25 and 55 and x corresponds to 7 and 5 in output.

Which is greater 17/20 or 22/25

Answers

In order to find which one is greater, get them to a common denominator.

We can get them to a common denominator of 100.

This would be:

[tex] \frac{85}{100} [/tex] and [tex] \frac{88}{100} [/tex]

As you can see [tex] \frac{88}{100} \ \textgreater \ \frac{85}{100} [/tex].

[tex] \frac{22}{25} [/tex] is greater.

Change to decimals and put in order of smallest to biggest
7/5 3/8 5/9 3/16

Answers

7/5=1.400
3/8=0.375
5/9=0.556
3/16=0.188

0.188, 0.375, 0.556, 1.400
3/16, 3/8, 5/9, 7/5

yesterday, noah ran 2 1/2 miles in 3/5 of an hour. Emily ran 3 3/4 miles in 5/6 hour. Anna ran 3 1/3 in 3/5 hour. How fast, in miles per hour l, did each person run? who ran the fastest?

Answers

To calculate the speed of each one we proceed as follows:
speed=distance/time
a] Noah's speed:
distance=2.5 miles
time=3/5 hours

speed=(2 1/2)/(3/5)
=(5/2)/(3/5)
=5/2×5/3
=25/6
=4 1/6 mi/hr

Emily's speed
distance=3 3/4 miles
time=5/6 hour
thus
speed=(3 3/4)/(5/6)
=15/4)/(5/6)
=15/4×6/5
=4 1/2 mi/hr

Anna's speed:
distance=3 1/3 miles
time=3/5
speed=(3 1/3)/(3/5
=(10/3)/(3/5)
=10/3×5/3
=5 5/9 mi/hr

Anna was the fastest

Math- finding the volume of the triangle. Please show work, I am very confused

Answers

Volume of a triangle: 1/2(2b × h)
The 1/2 and 2 cancel each other out, so it's just b × h.

Area of base: 8 × 8 = 64 cm²

Height: 12 cm

64 × 12 = 768

The volume of the triangle is 768 cm³.

25 percent of the workers are on third shift.there are 33 workers on third shift. how many workers are there total?

Answers

25% = 33 worksers

1% = 33 ÷ 25 = 1.32 workers

100% = 1.32 x 100 = 132 workers.

Answer: There are a total of 132 workers.

Consider the scatter plot.


Which choice best describes the association?



Positive association


No association



Negative association

Answers

your answer negative linear and heres why :D

negative linear is a line with dots that are mostly straight but go down

positive is when a line is going up DOES NOT have to be PERFECTLY straight

no associate is when its NOT straight AT ALL

Out of 40 coins, 16 are dimes. Half of the remaining coins are quarters and the rest are pennies and nickels. There are 2 nickels for every penny. How many pennies are there?

Answers

There are 4 pennies. I got this by doing:
40-16=24
16 dimes so far
24/2=12
16 dimes, 12 quarters
16+12=28    40-28=12
12 coins left
Then I drew a diagram and for every 1 penny I drew 2 nickels. In order to get 12 overall in pennies and nickels there has to be 8 nickels and 4 pennies.
 Hope that helped! :)

Answer:

Option (B) is correct, 4 pennies.

What is the experimental probability of the arrow stopping over section 2?

Answers

9/20. Add 20+24+36=80. Then it's 36/80. Divide both the bottom and the top by 4 and you get 9/20.

krista bought 6 gallons of gasoline and paid $6.89. to the nearest tenth of a cent, what is the price of gasoline per gallon

Answers

$6.89 / 6 = $1.14

So the price of gasoline per gallon is $1.14.

Hope this Helps!!

The price per gallon of gasoline is the cost of one gallon of gasoline which can be obtained by dividing the cost by the number gasoline purchased. Hence, the price per gallon of gasoline ls $1.15

Amount of gasoline purchased = 6 gallons

Total cost = $6.89

The price per gallon of gasoline can be calculated thus :

Total cost of gasoline ÷ Amount of gasoline purchased

Price per gallon = $6.89 ÷ 6 = $1.148

Therefore, the price per gallon of gasoline ls $1.15 (rounded to the nearest tenth)

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Evan earns $12 an hour plus $15 an hour for every hour of overtime. Overtime hours are any hours more than 30 hours for the week.

Part A: Create an equation that shows the amount of money earned, M, for working x hours in a week when there is no overtime.

Part B: Create an equation that shows the amount of wages earned, T, for working y hours of overtime. Hint: Remember to include in the equation the amount earned from working 30 hours.

Part C: Evan earned $510 in 1 week. How many hours (regular plus overtime) did he work? Show your work.

Answers

 Part A. M=12x
Part B. T =12x+15y
Part C. 510 =12x+15y
510= 360+ 15y
150=15y
y=10 hrs

Janet's gross salary is $2400 per month, what is her gross yearly salary

Answers

You can solve this by multiplying the gross per month by the anount of months in a year. 

2400x12=28800

$28,800 is the gross yearly salary.

Plzzz help
what is the mean for the data set 582, 505, 548, 578, 511, 506, 521, 546, 570. express your answer as a decimal to the nearest tenth

Answers

The answer is 540.8 





To find the mean all you have to do is add all the numbers together then divide that by how many numbers there are
The mean can be calculated by adding all of the values and dividing the sum by the number of values:

582 + 505 + 548 + 578 + 511 + 506 + 521 + 546 + 570 = 4867

There are 9 values.

4867 ÷ 9 ≈ 540.78 ≈ 540.8

The mean is about 540.78, or, rounded to the nearest tenth, 540.8.

What fraction makes the equation true?

2/3 x blank = 8/12

Answers

So, find x to complete [tex] \frac{2}{3} [/tex]x = [tex] \frac{8}{12} [/tex]
But, since 8/12 is already equal to 2/3, this means:

x=1
Its 1!! Hope This Helps

How is the expression (5 + y) ⋅8 described by its factors and terms?

A) It has two factors and the factor (5 + y) has one term.
B) It has three factors and the factor (5 + y) has one term.
C) It has three factors and the factor (5 + y) has two terms.
D) It has two factors and the factor (5 + y) has two terms.

Answers

The correct answer is D) it has two factors and the factor (5+y) has 2 terms.

The factors are what are multiplied to make the expression.  In this expression, (5+y) and 8 are multiplied, so those are the 2 factors.

The factor (5+y) has two terms, 5 and y.

Please help I don't understand, if you can please show work, thank you

Answers

side 1+ side 2 + side 3=180 on a triangle. 180-56=124 124-66 because  124-56 =66 but X is the smaller side so 56 X=56 (i believe but could be wrong unsure I have a tendency to mess up a few calculations.)

the map shown is scale of 1:50 000

1) measure and state in centimeters the distance on the map from L to M

2) Calculate the actual distance in kilometers from L to M

3) The actual distance two points is 4.5 km calculate the number of centimeters that should be used to represent the distance one the map

Answers

The measure of L to M on the map is 5.8 cm . The actual distance in kilometers is 2.9km and the drawing distance corresponding to 4.5km is 9 cm.

1.)

The distance between points L and M in the drawing is 5.8 cm

2.)

Using the scale given

1 : 50000

1cm on the map represents 50,000 cm on ground

1 cm = 50000

5.8 cm = x cm

x = 5.8 × 50000

x = 290000 cm

converting to kilometers:

100000 cm = 1 km

290000/100000

= 2.9 km

Hence, the distance in kilometers is 2.9 km.

3.)

Given an actual distance of 4.5 km

4.5 km = 450000 cm

1 cm = 50000 cm

x cm = 450000

50000x = 450000

x = 450000/50000

x = 9 cm

Any help if possible Thank you ❤

Answers

[tex]v = \frac{1}{3} \pi {r}^{2} h \\ r = 8 \: cm \\ h = 15 \: cm[/tex]
From the diagram, we can see that the radius of the cone is 8cm and the height of the cone is 15cm. We then just plug these numbers into the formula and simplify:
[tex]v = \frac{1}{3} \pi {r}^{2} h \\ v = \frac{1}{3} \pi {(8)}^{2} (15) \\ v = 320\pi[/tex]
The volume of the cone is approximately 1005.3096 cm^3. With 3 sig figs, this is 1010 cm^3.

suppose you have a 100 millimeter cup a 300 millimeter cup and a 500-milliliter cup list two different ways you can measure exactly 1 liter

Answers

Hey there!

I will list out five ways for you, so you can choose either two.

1st way :
One 500 milliliter cup
One 300 milliliter cup
Two 100 milliliter cups

2nd way :
Two 500 milliliter cups

3rd way :
Three 300 milliliter cups
One 100 milliliter cup

4th way :
Ten 100 milliliter cups

5th way :
Two 300 milliliter cups
Four 100 milliliter cups

Hope this helps. - M

What sequence of transformations, when applied to △ABC , shows that ​ ​ △ABC ​ ​ is similar to △A′B′C′ ?

dilation with respect to the origin by a scale factor of 2 followed by a translation of 2 units left

dilation with respect to the origin by a scale factor of 12 followed by a translation of 2 units right

translation of 2 units right followed by a dilation with respect to the origin by a scale factor of 12

translation of 2 units left followed by a dilation with respect to the origin by a scale factor of 12

Answers

The last answer is correct, translation of 2 units left followed by a with respect to the origin by a scale factor of 12.

Remember this, always translate before you dilate. Also, you would want to translate to the left, not to the right, so by process of elimination I came up with this answer,

The correct sequence of transformations that shows that △ABC is similar to △A′B′C′ is:

translation of 2 units left followed by a dilation with respect to the origin by a scale factor of 12.

What is Transformation?

A point, line, or geometric figure can be transformed in one of four ways, each of which affects the shape and/or location of the object.

In this case, we can see that a dilation with respect to the origin by a scale factor of 12 would stretch or shrink the triangle, but would not change the angles.

Therefore, we need to apply a translation first to move the triangle into the correct position.

So, we first translate the triangle 2 units left, which does not change its shape or size, but moves it to a position where it can be more easily compared to the other triangle.

Then, we apply a dilation with respect to the origin by a scale factor of 12, which stretches or shrinks the triangle but does not change its shape.

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The speed that a tsunami (tidal wave) can travel is modeled by the equation where S is the speed in kilometers per hour, and d is the average depth of the water in kilometers. A tsunami is traveling at 140 km/hr. What is the approximate average depth of the water?

Answers

Answer:

The average depth of the water will be 0.155 kilometers or 155 meters.

Step-by-step explanation:

The speed at which the tsunami waves travel is [tex]S=356\sqrt{d}[/tex]. Here S is the speed in kilometers per hour and d is the average depth of the water in kilometers.

Now, it is given that the wave travels at the speed of [tex]S=140\rm km/hr[/tex].

So, the average depth of the water will be,

[tex]S=356\sqrt{d}\\140=356\sqrt{d}\\\sqrt{d}=0.393\\d=0.155\rm km[/tex]

Therefore, the average depth of the water will be 0.155 kilometers or 155 meters.

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Answer: c

Step-by-step explanation:

0.155 km

What series of transformations map triangle △ABC onto △EDF ​ to prove that ABC≅EDF ?


translation 3 units up then a reflection across x-axis

translation 3 units down then a reflection across y-axis

translation 3 units down then a reflection across x-axis

translation 3 units up then a reflection across y-axis

Answers

Hello!

The correct answer is A translation 3 units up then a reflection across the x-axis.

Translation: moving/sliding a figure
Reflection: taking a figure and flipping it over a line.

Answer:  

translation 3 units down then a reflection across x-axis

Step-by-step explanation:

A translation is a kind of rigid motion . It trace a function that maps an object a particular distance.A reflection is a kind of rigid motion . It is mainly a flips of a shape across the line of reflection.

In the given figure, we can see that Δ ABC is vertically 3 units away from the x axis .

So we translate  Δ ABC by 3 units down and then reflect it across x axis to get ΔDEF.

what are vertical angles? give an example.

Answers

THERE YOU HAVE IT


HOPE THAT HELPS!!

bloomingdale's marks up mink coats $3000.this represents a 50% markup on cost. What's the cost of coats

Answers

i think its $4500 but im not sure if it is right but what i did was take 50% of 3000 and add it to 3000 making $4500 

Bloomingdale's marks up mink coats [tex]\[/tex]3000. The mink coats cost [tex]\[/tex]6000.

Cost, in the context of pricing and business, refers to the amount of money or resources required to produce or acquire a product or service. It contains several expenses associated with manufacturing, production, materials, labor, overhead costs, and other costs incurred in the process.

Let's assume the cost of the mink coats is represented by the variable "C".

According to the given information, Bloomingdale marks up the mink coats by [tex]\[/tex]3000, which represents a 50[tex]\%[/tex] markup on the cost.

A 50[tex]\%[/tex] markup means the markup amount is 50[tex]\%[/tex] of the cost. In other words, the markup amount is 0.5C.

Let's set up the equation to represent this information,

C + 0.5C = Cost + Markup

1.5C = Cost + [tex]\[/tex]3000

Since the markup is $3000, we can write the equation as,

1.5C = C + [tex]\[/tex]3000

To find the cost of the coats, it is needed to solve for C.

1.5C - C = C - C + [tex]\[/tex]3000

0.5C = [tex]\[/tex]3000

Next, let's isolate C by dividing both sides of the equation by 0.5,

[tex]\frac{0.5C}{ 0.5}[/tex] = [tex]\frac{3000}{0.5}[/tex]

C = [tex]\[/tex]6000

Therefore, the cost of the mink coats is [tex]\[/tex]6000.

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PLEASE HELP! In college, you earn credits for courses taken. For each semester, tuition at a local college is $2400, plus $184 per credit. You have financial aid that will cover $5,160 for the semester. How many credits can you take without spending any of our own money?

Answers

15 because 5,160-2400=2,760, then 2760/184
Other Questions
Please write down your student id. take the last digit of your student id as m. Bryan gave a speech about how global warming was a myth created by the liberal media. his speech was full of reasoning fallacies and inaccurate facts. the audience did not take him seriously. what speech element was at work here? How much heat energy would be released if 78.1 g of water at 0.00 c were converted to ice at 57.1 c. give your answer as a positive number in kilojoules (kj)? Which choice shows a correct way to solve 813? Eve is replacing the soil in her plant containers. How many cubic inches of soil will Eve need for the two rectangular containers?A.45B.216C.648D.864 What category of classification is used for the first term in a scientific name? How does the pathogen proliferate within the human host? who is thought to have developed the sanskrit language in ancient india a. Buddhist monks b. Hindu merchants c. the Aryansd. the god Vishnu Federal and state governments have enacted a variety of statutes that regulate the safety of food, drug, cosmetics, toys, vehicles, and other products. these laws are collectively referred to as _____ laws. From the lesson, name three major Soviet cities that were unsuccessfully attacked by Germany. Which of the following BEST defines the wordimpressment?A.being forced intodomestic service B.being forced into military service C.being forced to follow a law. D.being forced to break a law 1010 1111 0011 is an even parity 12 bit hamming code that contains a single-bit error. what is the corresponding uncorrupted hamming code (y + 5)(y 9) = 0need help asap!! Read the excerpt below and answer the question.The ladies, who in vain had implored Gualtieri to see that Griselda remained in another room, or to lend her one of the dresses that had been hers, so that she would not cut such a sorry figure in front of his guests, took their seats at table and addressed themselves to the meal. All eyes were fixed upon the girl, and everyone said that Gualtieri had made a good exchange. But Griselda praised her as warmly as anyone present, speaking no less admiringly of her little brother.Which statements explain how the excerpt above contributes to the theme of gender role reversal? Select all that apply.The acts by Gualtieri are based on his emotions and fears rather than his sense or logic.Griselda does not lash out or act emotionally, even though she is being mistreated.Griselda praises both the young girl and her brother equally.The ladies have no power of their own and can only make requests of Gualtieri. How much energy is needed to convert 64.0 grams of ice at 0.00? The home of Russell Slater is assessed at $140,000. The tax rate is 11.8 mills. The actual amount of tax on Russell's home is: $1,652$1,462$1,362None of these$1,562 """i am the greatest!"" a famous boxer declared loudly and often. had he in fact acted throughout his adult life as though he were the greatest, the most appropriate diagnosis would be: Which of the following statements best describes the Allied nations response to the Holocaust? Allied nations considered it a refugee situation but later liberated the camps. Allied nations immediately went to the United Nations to discuss the war crime of genocide. Allied nations immediately released the prisoners of their own internment camps. Allied nations made it the primary goal of the war to end the atrocities of the Holocaust. 0.032 divided 4 = ___ The u.s. operates under a/an _____ system of criminal procedure, in which the prosecutor must establish guilt and the defendant cannot be compelled to testify against him/herself.