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OpenStudy (anonymous):
Use the table above to find the yearly premiums in each of the following cases.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
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OpenStudy (anonymous):
https://clackamasweb.owschools.com/media/o_cma_2015/4/cmlifins.gif
OpenStudy (flcon04):
Okay so what do you think the answer to this is? Pay careful attention on the noted at the end of the picture.
OpenStudy (anonymous):
thanks
OpenStudy (flcon04):
So his premium per a $1,000 for the 20 payment plan is 28.23. Now he is taking $30,000 insurance so pretty much multiply 28.23 by 30. and you will find the answer.
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