Top Posters
Since Sunday
Home Q & A Board Science-Related Homework Help Mathematics
New Topic  
hussainizzle hussainizzle
wrote...
Go to Answer
Posts: 124
Rep: 0 0
10 months 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 69 times
1 Reply
Replies
Answer verified by a subject expert
crusherpsgcrusherpsg
wrote...
#1
Posts: 146
Rep: 2 0
10 months 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...

10 months ago
Helped a lot
lolaww
wrote...

Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
Danivalda
wrote...

2 hours ago
this is exactly what I needed
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1255 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 613
  
 607
  
 348