Consumer Math - Investments & Insurance (ch11-12)

Barbara has a family membership in a group health insurance program. The annual premium is $12,890. Barbara's employer pays 75% of the total cost. What is Barbara's annual contribution?

• $171.87

• $3,222.50

• $6,666.36

• $9,667.50

Emilio Mendoza has a single plan. The PPO annual premium is $10,980. The employer pays 85% of the cost. How much is deducted from his weekly paycheck?

• $31.67

• $44.87

• $179.48

• $1,647.00

Robert Finch is single and has a health insurance plan with the benefits listed below. His recent network health care costs include co-payments for 1 emergency room visit, 8 physician visits, and 4 specialist visits. What amount did Robert pay?

• $695

• $670

• $590

• $570

Determine a family's network plan costs with the following co-payments: 22 physician visits, 10 specialist visits, and 8 physical therapy visits at $80 each, 1 emergency room visit plus ambulance fee. There was also a hospital charge of $2,390.

• $825

• $1,303

• $2,053

• $3,215

Omar Ahmed is 35 years old. He wants to purchase an $80,000, 5-year term life insurance policy. What is his annual premium?

• $238.40

• $280.80

• $340.00

• $362.20

Jacquelyn French deposits $12,000 in a 4-year CD that earns interest at an annual rate of 3.25% compounded daily. Find the amount of the CD in 4-years.

• $13,665.86

• $13,663.54

• $13,529.89

• $13,393.66

Tina Ahern invested $2,000 in a certificate of deposit for 3 years. The certificate earns interest at an annual rate of 7.5% compounded quarterly. What is the effective annual yield to the nearest thousandth of a percent?

• 0.0079%

• 0.798%

• 7.713%

• 8.098%

Mary Beth Healy purchased 50 shares of stock at $23.50 per share. Her Internet online broker charged her a $14.95 commission. What is the total amount that she paid for the stock?

• $427.50

• $747.50

• $1,175.00

• $1,189.95

Aisha Knox paid a total of $1,500 for 75 shares of stock. He sold the stock for $22.50 a share and paid a sales commission of $49.00. What is the profit or loss from the sale?

• $138.50 loss

• $138.50 profit

• $236.50 loss

• $236.50 profit

Geoffrey Richards bought 100 shares of stock at $32 per share. The company paid annual dividends of $0.74 per share. What is the annual yield to the nearest hundredth of a percent?

• 2.31%

• 3.20%

• 4.32%

• 7.40%