Match the type of insurance to the coverage it provides. 1. Insurance that covers the insured only for a specific, stated term, such as ten years
2. Insurance that covers the insured for life, and for which premiums are paid by the insured until his death
3. Insurance that covers the insured for life, for which he only has to pay a certain number of years
4. Insurance that provides both insurance and savings
ordinary whole life
endowment
limited-payment life
term

1. what is the amount of interest earned after two years on a $100 deposit paying 4 percent simple interest annually? $8.00 $4.08 $8.16 $4.00 2. what is the amount of compound interest earned after three years on a $100 deposit paying 8 percent interest annually? $24.00 $8.00 $16.64 $25.97 3. a business just took out a loan for $100,000 at 10% interest. if the business pays the loan off in three months, how much did the business pay in interest? $2,500.00 $10.00 $250.00 $10,000.00 4. what is the annual percentage yield (apy) for a deposit paying 5 percent interest with monthly compounding? 5.00% 5.12% 79.59% 0.42%