An insurance company is offering a new policy to its customers. typically the policy is bought by a parent or grandparent for a child at the child’s birth. for this policy, the purchaser, say, the parent, makes the following six payments to the insurance company: first birthday $ 840 second birthday $ 840 third birthday $ 940 fourth birthday $ 850 fifth birthday $ 1,040 sixth birthday $ 950 after the child’s sixth birthday, no more payments are made. when the child reaches age 65, he or she receives $340,000. if the relevant interest rate is 10 percent for the first six years and 7 percent for all subsequent years, what would the value of the deposits be when the policy matures

Horace society is planning its annual western fair raceway gala. the gala committee has assembled the following expected costs for the event: dinner (per person) $10 gaming token and program (per person) $2 prize payouts $4,300 tickets and advertising $800 private box suite rental $1,700 lottery licenses $200 the committee members would like to charge $40 per person for the evening’s activities.required: 1. what is the break-even point for the dinner-dance (in terms of the number of persons who must attend)? 2. assume that last year only 200 persons attended the dinner-dance. if the same number attend this year, what price per ticket must be charged in order to break even? 3. refer to the original data ($40 ticket price per person). prepare a cvp graph for the dinner- dance from zero tickets up to 600 tickets sold.