math

posted by .

Now let’s assume that 10 years from now you have a family and two children. You have a good job and are earning $30,000 a year. Your company has a $25,000 group life insurance policy for all employees. Most experts say you need to have 7 times your salary in life insurance. How much more life insurance do you need?

  • math -

    30,000 * 7 = ?

    Subtract 25,000 from the above product to find how much more insurance you need.

  • math -

    30,000*7=21,0000 21,0000-25,000=185000

  • math -

    did ppl take a lunch break

  • math -

    This part is right.
    30,000*7=210,000

    This part is wrong.

    210,000 - 25,000 = ?

  • math -

    what is the answer to the second part

  • math -

    210,000-25,000=24790

  • math - correction -

    I'm sorry. Both of your answers are correct.

    210,000 - 25,000 = 185,000

  • math -

    http://www.wolframalpha.com

    You can always use this website or www.google.com to check your computations.

  • math -

    thank u for all of the help

  • math -

    You're welcome.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Accounting

    On April 1, 2009, the company paid an insurance company $5,000 for a two-year fire insurance policy. The entire $5,000 was debited to insurance expense. What is the Dec. 31, 2009 adusting journal entry?
  2. statistics

    An insurance company wishes to examine the relationship between income (in $,000) and the amount of life insurance (in $,000) held by families. The company drew a simple random sample of families and obtained the following results: …
  3. Math

    An insurance company wishes to examine the relationship between income (in $,000) and the amount of life insurance (in $,000) held by families. The company drew a simple random sample of families and obtained the following results: …
  4. statistic

    Jim has a 5-year-old car in reasonably good condition. He wants to take out a $30,000 term (that is, accident benefit) car insurance policy until the car is 10 years old. Assume that the probability of a car having an accident in the …
  5. Statistics

    A life insurance company sells a term insurance policy to a 21-year-old male that pays $100,000 if the insured dies within the next 5 years. The probability that a randomly chosen male will die each year can be found in mortality tables. …
  6. Intermediate Accounting

    I am having a hard time calculating this my question is On April 1, 2011, the company paid an insurance company $4,000 for a two-year fire insurance policy. The entire $4,000 was debited to insurance expense. How do I calculate?
  7. economics

    Samantha Jones has a job as a pharmacist earning $30,000 per year, and she is deciding whether to take another job as the manager of another pharmacy for $40,000 per year or to purchase a pharmacy that generates revenue of $200,000 …
  8. math

    helping lil bro with homework and he forgot to bring his books home and I cant remember anything 1. The word “risk” is used often in insurance discussions. Assume you have an apartment and how likely you are to buy Renter’s Insurance?
  9. statistic

    Which "average" would be best to use in the following situation?
  10. math

    An insurance company wishes to examine the relationship between income (in $,000) and the amount of life insurance (in $,000) held by families. The company drew a simple random sample of families and obtained the following results: …

More Similar Questions