Questions LLC
Login
or
Sign Up
Ask a New Question
Personal Finance
Insurance policies
Inflation calculation
Suppose an insurance agent offers you a policy that will provide you with a yearly income of $230,000 in 20 years. What is the comparable annual salary today, assuming an inflation rate of 3%?. (Round your answer to the nearest cent.)
1 answer
230000/1.03^20=?
You can
ask a new question
or
answer this question
.
Related Questions
a man takes out a $5000 life insurance policy at a yearly rate of $29.62 per $1000. What is the yearly Premium?
Sam invested $1900, part of it at 6% and the rest at 8% yearly interest. The yearly income on the 8% investment was $32 more
An insurance agent receives a salary of 550 cedis and a 2% commission on all sales over 8500 cedis .If his total income in a
An insurance agent receives a salary of GHC550.00 and 2% commission on all sales over GHC8500.00. If his total income in a
Which of the following fiscal tax policies would be used to reduce inflation?(1 point)
Responses expansionary policy expansionary
Which of the following fiscal tax policies would be used to reduce inflation?(1 point) Responses expansionary policy
Which statement best describes a proportional tax?(1 point) Responses a tax where all levels of yearly income are taxed at the
Which of the following fiscal tax policies would be used to reduce inflation?
A. expansionary policy B. income tax policy C.
Which of the following fiscal tax policies would be used to reduce inflation?(1 point)
Responses expansionary policy expansionary
Suppose that an insurance agent offers you a policy that will provide you with a yearly income of $60,000 in 30 years. What is
