Mathematics, 06.11.2020 01:40 tylorroundy
At the age of 28, you decide to invest into a 20-Year Endowment insurance policy. The face value for the policy that you are interested in is $91,500. Using the provided table, determine the annual premium for a 28-year-old healthy female seeking a 20-Year-Endowment. Use the table provided below to round your answer to the nearest cent where necessary
The table:
AGE WHOLE LIFE 20-PAYMENT LIFE 20-YEAR ENDOWMENT
Male Female Male Female Male Female
25 $16.38 $14.38 $28.04 $25.04 $37.02 $34.87
26 $16.91 $14.77 $29.11 $25.96 $37.67 $35.30
27 $17.27 $15.23 $29.97 $26.83 $38.23 $35.96
28 $17.76 $15.66 $30.68 $27.54 $38.96 $36.44
Answers: 1
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At the age of 28, you decide to invest into a 20-Year Endowment insurance policy. The face value for...
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