Top Posters
Since Sunday
y
2
s
2
2
a
1
w
1
w
1
i
1
m
1
s
1
c
1
k
1
1
Home Q & A Board Science-Related Homework Help Mathematics
New Topic  
hussainizzle hussainizzle
wrote...
Go to Answer
Posts: 131
Rep: 0 0
A year ago
An insurance company considers the present value of a 10-year term life insurance policy to be $3,738. The premiums that the company collects are $55 at the beginning of every month for the 10 years. What monthly compounded nominal rate is implied in the calculation of the policy's value?

▸ 12.900%

▸ 10.750%

▸ 13.690%

▸ 8.473%

▸ 14.298%
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
Read 79 times
1 Reply
Replies
Answer verified by a subject expert
crusherpsgcrusherpsg
wrote...
#1
Posts: 156
Rep: 2 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

hussainizzle Author
wrote...

A year ago
Helped a lot
big_larry_samp
wrote...

Yesterday
This helped my grade so much Perfect
Loruiz15
wrote...

2 hours ago
Thanks
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1057 People Browsing
 164 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 319
  
 293
  
 50
Your Opinion
What percentage of nature vs. nurture dictates human intelligence?
Votes: 436
Previous poll results: Does a gender wage gap exist in America?