Question

What is 50% of $8,879.50 Multiplied by a coverture fraction where the numerator will be 11 years and 8 months and the denominator will be 33...

Answer 1

50% of 8879.50 can be represented below

$\begin{gathered} 50\text{ \% of 8879.50} \\ \frac{50}{100}\times8879.50=\frac{443975}{100}=4439.75 \end{gathered}$

Multiplied by the coverture fraction where numerator will be 11 years and 8 months. And the denominator will be 33

$4439.75\times\frac{11.8}{33}=\frac{52389.05}{33}=1587.5469697\approx1587.55$