Your daughter is born today and you want her to be a millionaire by the time she is 40 years old
open an investment account that promises to pay 11.5% per year.
How much money must you
deposit today so your daughter will have $1,000,000 by her 35th birthday?
A) $20,100 B) $22,150 C) $28,575 D) $18,940
B
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The significance of a free-look provision is that it
A) provides life insurance policyholders with the right to return their policies for any reason within 10 days of delivery for a full refund of premiums B) means that the policyholder must be given access to the agent's records C) allows a life insurance policy to be issued without a physical examination D) is a special offer in which the policyholder receives the first 90 days of coverage for free"
Workers compensation insurance covers:
a. anyone employed by the broker either full-time or part-time. b. only office personnel. c. only the office manager and receptionist. d. only salespeople in the office.