Ask your own question, for FREE!
Mathematics 9 Online
OpenStudy (tylermckinney16):

Help!!!

OpenStudy (tylermckinney16):

Questions here.

OpenStudy (tylermckinney16):

@Directrix

OpenStudy (mathmale):

Please get started. Ignore the 5-year terms; focus on the 10-year terms. Find the "female" column and ignore the other 3 columns. Find the row that indicates an age of 31. What is the premium? Where do the row and the column intersect?

Directrix (directrix):

@TylerMckinney16 Look at the chart and see if you can find the answer. Attached

OpenStudy (tylermckinney16):

6.13?

Directrix (directrix):

The intersection occurs at $5.79. The chart states that these are rates for $1000 of face value. The face value of the policy is $ 300,000. I am wondering if we are supposed to multiply $ 5.79 times 300 to get the answer.

OpenStudy (tylermckinney16):

$173700

Directrix (directrix):

Here is what I read: Annual Premium = (Amount of Coverage divided by $1,000) * Rate 300,000 / 1000 = 300 300 * 5.79 = $1737 as her annual premium

Directrix (directrix):

>>$173700 Decimal point missing or too many 0s $1737 or 1737.00

OpenStudy (tylermckinney16):

So that right there is the answer?

OpenStudy (tylermckinney16):

@Directrix

Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!