Lamar, age 43, wants to pay no more than $1,000 a year in life insurance. If the annual life insurance premium rate (per $1000 o

Question

4 years ago

11

Lamar, age 43, wants to pay no more than $1,000 a year in life insurance. If the annual life insurance premium rate (per $1000 o

f face value) is $12.59, what is the largest whole life policy he can buy without spending more than $1,000 annually? a. $12,590 b. $341,540 c. $541,370 d. $79,000

Mathematics

2 answers:

aleksandr82 [10.1K] · Answer 1 · 2021-12-26T15:55:30+03:00

aleksandr82 [10.1K]4 years ago

6 0

Answer:

The calculationr amount is 79.43 x 1000 = 79430.00 BUT

Lamar wants to pay less than $1000.00 a year so the ANSWER is 79.000.00

Step-by-step explanation:

Gwar [14] · Answer 2 · 2021-12-26T14:44:42+03:00

Gwar [14]4 years ago

3 0

The answer is d. 79,000.

hope i've helped!