Question

Tom Hornet purchases $7,000 of ten-year term life. He is 31 years old

Answer 1

Answer:I can confirm 35.49, 9.23, 1.43

Step-by-step explanation:

Answer 2

The annual premium is 5.07 x 7 = 35.49
The quarterly premium is 35.49 x .26 = 9.23
And the difference between the two payment options is 1.43
(Use the table in the question, it has all the information you need).