To go on a summer trip, Charlie borrows $500. He makes no payments until the end of 4 years, when he pays off the entire loan. The lender charges simple interest at an annual rate of 3%.

How much total interest with Charlie have to pay

yess

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idk whyy this is happening, i cant even read my notification bc i keep getting errors

~coco

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.

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