Doug and Cheryl Have a Newborn Child and Are Shopping

question 20

Multiple Choice

Doug and Cheryl have a newborn child and are shopping for life insurance. Doug earns $100,000 a year and Cheryl cares for their child. They have a $300,000 mortgage with 20 years remaining and are concerned if something were to happen to Doug, how their family can manage. If they wish to cover the family expenses until the child turns 20, approximately how much term insurance would they purchase? (Assume the expected annual return is 6%.)

• A) $846,992.
• B) $1,000,000.
• C) $1,146,992.
• D) $1,300,000.

Grasp the widespread acceptance of drinking as a central aspect of college social life.

Relate the use of performance-enhancing substances to broader patterns of substance abuse.

Evaluate the reasons behind higher rates of binge drinking in sororities and fraternities.

Understand patterns of drug use among college students compared to their non-college peers.

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Definitions:

Acid Chloride

A functional group in organic chemistry, characterized by a carbon atom double-bonded to an oxygen atom and bonded to a chlorine atom.

Primary Alcohol

An alcohol in which the hydroxyl group (-OH) is attached to a carbon atom that has only one other alkyl group linked to it.

Butyllithium

A lithium organic compound often used as a strong base in the synthesis of organic compounds.

Reaction

The process by which two or more reactants form one or more products, often releasing or absorbing energy.