MATH SOLVE

3 months ago

Q:
# You have just spoken to your insurance agent and you are interested in investing in a 20-Payment Life insurance policy. Given that you are a 25-year-old healthy female, determine the annual premium for a policy with a face value of $55,000.Use the table provided below and round your answer to the nearest cent where necessary.a.$1,377.20c.$1,427.80b.$790.90d.$1,475.65

Accepted Solution

A:

Answer: You can use this to help you out:Determine the term life insurance amount per thousand on a 20-year-old male for a 10-year policy given that the face value of the policy is $65,000 and the annual premium is $291.85.a.$0.00449c.$0.2227b.$4.49d.$222.72First find how many thousands on the amount of the face valueYou do that by dividing the amount of the face value by 100065,000Γ·1,000=65So the term life insurance amount per thousand is291.85Γ·65=4.49...answerRead more on Brainly.com -