You Have Just Purchased a Life Insurance Policy That Requires

question 85

Multiple Choice

You have just purchased a life insurance policy that requires you to make 40 semiannual payments of $350 each,where the first payment is due in 6 months.The insurance company has guaranteed that these payments will be invested to earn you an effective annual rate of 8.16 percent,although interest is to be compounded semiannually.At the end of 20 years (40 payments) ,the policy will mature.The insurance company will pay out the proceeds of this policy to you in 10 equal annual payments,with the first payment to be made one year after the policy matures.If the effective interest rate remains at 8.16 percent,how much will you receive during each of the 10 years?

• A) $6,113.20
• B) $5,244.62
• C) $5,792.21
• D) $4,992.39
• E) $4,723.81

Understand the concept of load factor and its importance in capacity management for the airline industry.

Recognize the driving factors behind changes in the services industry, including sustainability and technological advancements.

Identify the key components of capacity management and how they affect service delivery and profitability.

Discern the role of price in service management and how it influences consumer demand.

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Definitions:

Quality Audit

An independent review and examination of a project or process to evaluate its conformity to established standards, policies, and procedures.

Fixed Total Cost Contract

A type of contract where the contractor is paid a set amount for the work, regardless of the actual costs incurred.

Manager Of Vendor Contracts

An individual responsible for overseeing and managing contracts with suppliers and vendors, ensuring terms are fulfilled and evaluating performance.

Specifications

Detailed descriptions of design, materials, and performance criteria that products or services must meet or exceed.