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OpenStudy (anonymous):

https://fortworthisd.owschools.com/media/o_cma_2014/4/cmlifins.gif George Anderson takes out $30,000 of a twenty-payment life insurance. If he is thirty-six years old, what annual premium does he pay? 555.60 824.40 846.90 1,320 2 years ago OpenStudy (anonymous): can you help @welshfella 2 years ago OpenStudy (anonymous): @ganeshie8 2 years ago OpenStudy (anonymous): okay thanks i did ! 2 years ago OpenStudy (welshfella): read it off the table 20-payment , age 36, per$1000 - what do you get?

2 years ago
OpenStudy (welshfella):

* 20-payment life

2 years ago
OpenStudy (welshfella):

- then multiply that amount by 30 ( for 30,000)

2 years ago
OpenStudy (anonymous):

846.900?

2 years ago
OpenStudy (welshfella):

correct

2 years ago
OpenStudy (welshfella):

28.23 * 30

2 years ago
OpenStudy (anonymous):

thanks

2 years ago
OpenStudy (anonymous):

Tom Harris, a young father, is twenty-four years old. He wishes to purchase $7,000 of a ten-year term insurance. What will be his annual premium? 2 years ago OpenStudy (anonymous): can you help me on this one too its the same graph 2 years ago OpenStudy (anonymous): Tom Harris, a young father, is twenty-four years old. He wishes to purchase$7,000 of a ten-year term insurance. What will be his annual premium?

2 years ago
OpenStudy (welshfella):

what do you read off the graph ?

2 years ago
OpenStudy (anonymous):

10-term insures 24 years old and 7,000 o the the graph i see 4.15 for 10 years term

2 years ago
OpenStudy (welshfella):

4 .15 is for $1000 but he wants$7000

2 years ago
OpenStudy (anonymous):

so do i multiply 4.15 *7

2 years ago
OpenStudy (welshfella):

yep

2 years ago
OpenStudy (anonymous):

ohh okay okay so the answer is 29.05

2 years ago
OpenStudy (anonymous):

?

2 years ago
OpenStudy (welshfella):

right

2 years ago