For a block of fully discrete whole life insurances of 1 on independent lives age x, you are given: (i) i = 0.06 (ii) Ax = 0.24905 (iii) 2AX = 0.09476 (iv) The single premium charged at issue date is n = 0.25. Using the normal approximation, calculate the minimum number of policies the insurer must issue so that the probability of the total premiums collected insufficient to pay the benefits on the policies issued is less than or equal to 0.05.

3. now assume that carnival booked lady antebellum in december 2016 to perform on the june 2017 western caribbean cruise. further assume that carnival pays lady antebellum its entire performance fee of $52,000 on december 28, 2016, for the june 2017 cruise. what journal entry will carnival make on december 28, 2016, for its payment to lady antebellum?

Which value describes the desire to be one’s own boss? a. autonomy b. status c. security d. entrepreneurship

The treasurer for pittsburgh iron works wishes to use financial futures to hedge her interest rate exposure. she will sell five treasury futures contracts at $139,000 per contract. it is july and the contracts must be closed out in december of this year. long-term interest rates are currently 7.30 percent. if they increase to 9.50 percent, assume the value of the contracts will go down by 20 percent. also if interest rates do increase by 2.2 percent, assume the firm will have additional interest expense on its business loans and other commitments of $149,000. this expense, of course, will be separate from the futures contracts. a. what will be the profit or loss on the futures contract if interest rates increase to 9.50 percent by december when the contract is closed out