1 answer

An actuary at a life insurance company is working on a project to see if the life insurance company has collected enough premiums to pay projected life insurance claims. His calculations show that the company will have a liability due in 10 years in the amount of $53,250,000. In other words, the actuary calculations estimate that the life insurance company will receive claims in the amount of $53,250,000 in 10 years based on life probability estimates of its clients. The life insurance company will need to have $53,250,000 in 10 years to pay out its projected claim obligations. To date, the life insurance company has collected $35,000,000 in premium payments. It is standard procedure to use an investment grade corporate bond rate to discount the liability claim to the present value and then compare the present value of the liability amount to the premiums collected, then the firm is projected to have collected enough premium payments. The investment grade corporate bond rate is 3.75%.

A. Calculate the present value of the liability due in 10 years. $____________

B. Has the life insurance company collected enough in premium payments to pay for the liability in 10years?

Yes or No?

1 answer
#####
1. Now change all of the dollar amounts in the data area of your worksheet so...

1. Now change all of the dollar amounts in the data area of your worksheet so that it looks like this: 1 Chapter 2: Applying Excel 3 Data 4 Sales 5 Variable costs 6 Cost of goods sold 7Variable selling 8 Variable administrative $19,000 $9,500 1,000 $800 9 Fixed costs 10 Fixed selling 11 Fixed admini...

1 answer
#####
As a nurse leader /manager , what part of your job do you consider most essential?

As a nurse leader /manager , what part of your job do you consider most essential?...

1 answer
#####
Which of the following metal salts will show an increase in solubility with the addition of...

Which of the following metal salts will show an increase in solubility with the addition of a strong acid? Which of the following metal salts will show an increase in solubility with the addition of a strong acid? Anyone can tell me which one is correct and give me the explanation please????? :((( ...

1 answer
#####
Will upvote for a thorough and complete answer that addresses all parts of question Unpolarized light,...

Will upvote for a thorough and complete answer that addresses all parts of question Unpolarized light, intensity lo is incident on a pair of ideal polarizers, as shown in Figure 4. The first polarizer's direction of polarization is vertical but the second polarizer's direction of polarizati...

1 answer
#####
Please help Identify each pair as identical, conformers, enantiomers, diastereomers, or constitutional isomers. Do not use...

please help Identify each pair as identical, conformers, enantiomers, diastereomers, or constitutional isomers. Do not use any designation more than once. (4 pts) CHO B Fisher Projection CHO and BIH CH3 сн. Br- and Br OCH CFS CH' HECH Har BE CF3 and SH and HSH...

1 answer
#####
1. Use the conservation of momentum to discuss what happens to a passenger in a car...

1. Use the conservation of momentum to discuss what happens to a passenger in a car crash. Discuss the use of a seat belt in bringing the passenger to rest. 2. You are watching a movie about a superhero and notice that the superhero hovers in air and throws a piano at some bad guys while remaining s...

1 answer
#####
The electric field between two parallel plates is uniform, with magnitude 576 N/C. A proton is...

The electric field between two parallel plates is uniform, with magnitude 576 N/C. A proton is held stationary at the positive plate, and an electron is held stationary at the negative plate. The plate separation is 4.30 cm. At the same moment, both particles are released (a) Calculate the distance ...

1 answer
#####
How many mL of NaOH are needed to neutralize the acidity in a titrated solution containing .1234 g of #AlCl_3#?

How many mL of NaOH are needed to neutralize the acidity in a titrated solution containing .1234 g of #AlCl_3#?...

1 answer
#####
How do you convert #r=1/2costheta# into cartesian form?

How do you convert #r=1/2costheta# into cartesian form?...

1 answer
#####
The Office of Business Administration tells you that Villa Apartment has a project to expand the...

The Office of Business Administration tells you that Villa Apartment has a project to expand the current operations and the estimated internal rate of return is 12.2%. The Villa Apartment's WACC is 11.8%. Based on all of these, you can safely conclude the: o appropriate discount rate for the pro...

1 answer
#####
A coupon bond that pays interest semiannually has a par value of $1000, matures in 9...

A coupon bond that pays interest semiannually has a par value of $1000, matures in 9 years, and has a yield to maturity of 6%. If the coupon rate is 7%, the intrinsic value of the bond today will be...

1 answer
#####
4. Furniture Face Lift (15 points) Furniture Face Lift refinishes old wood furniture. Their process for...

4. Furniture Face Lift (15 points) Furniture Face Lift refinishes old wood furniture. Their process for refinishing chairs has 10 workers and 4 stations. Each chair starts at the Stripping station, then goes to Priming, then to Painting and finally to Inspection. Where there are multiple workers wit...

1 answer
#####
Electron Configuration Name V03262017 4. Which of the following sets of quantum numbers are not permissible...

Electron Configuration Name V03262017 4. Which of the following sets of quantum numbers are not permissible in an Hatom a. n=0,1 = 0, m =0, m, = +1/2 b. n-1,1= 1, m, = 0, m,- +1/2 c. n = 2,1 = 1, m = -1, m, -1/2 d. n=2,1 = 1, m = -2, me = +1/2 e. n= 1, 1 = 0, m = -1, m, = +1/2...

1 answer
#####
1. Describe how new alleles show up in a population. 2. Describe the difference between the...

1. Describe how new alleles show up in a population. 2. Describe the difference between the term ‘theory’ when it is used in everyday language, and how it is used in scientific context. 3. Explain why mutations do not happen in response to changes in the environment. 4. Traits are not &l...

1 answer
#####
An investment promises to pay $30 each year for the next four years. In four years,...

An investment promises to pay $30 each year for the next four years. In four years, it will also pay $1000. Your required return on this investment is 7%. What is the value of the investment today? What is the value of the investment in one year? What is the value of the investment in two years? Wha...