C) your parents have been advised to save 5% of their income for your college education
which would include money for housing, tuition, books and fees. how much would your parents
have saved in one year, following the recommended 5%, if they had an average household
income of $48,948? show your work.

Your parents will have saved $2447.40 in a year.

Step-by-step explanation:

Your parents have been advised to save 5% of their income for your college education.

Their annual income is = $48948

So, 5% of this will be = dollars

Hence, your parents will have saved $2447.40 in a year.

understand that i don't know the answers

will someone answer his question

all group life insurance is term insurance. actually it is annual renewable term and it is rated on the average age and claims experience of the entire group, which is called "experience rating." remember, this type of insurance has a 31-day grace period and is convertible to whole life upon leaving employment. a contributory group plan requires that both the employer and the employees pay part of the premium. at least 75% of those eligible must participate, so the group is sure to get most of the healthy employees as well as those that are sick.

step-by-step explanation: