1.Emma is a neurosurgeon and is considering purchasing disability income insurance. To reduce the premium...
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Accounting
1.Emma is a neurosurgeon and is considering purchasing disability income insurance. To reduce the premium for disability insurance, she should consider:
- A. Longer elimination periods
- B. Higher income-replacement ratios
- C. Non-cancellable coverage
2. Jack is considering funding a Roth IRA for retirement. Assuming he contributes the maximum $6,000 at the beginning of each year, and the account earns 8.5% annually, how much money would be in his account in 20 years?
- A. $290,262
- B. $314,934
- C. $388,468
- D. $412,646
3.Karissa has $2,000 and needs to accumulate $5,000 in 5 years. What annual interest rate must she earn to meet her goal if the earnings compound quarterly?
- A. 4.68%
- B. 18.75%
- C. 20.50%
- D. 21.00%
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