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3 years ago

Emily Webster purchased a twenty-year endowment policy at age 27 with a face value of $25,000.

Mathematics

2 answers:

bogdanovich [222]3 years ago

6 0

21.18!! and try to do the math function that you have to do next time :)

suter [353]3 years ago

5 0

Answer:

Her premium is $1058.50.

Step-by-step explanation:

Emily Webster purchased a 20 year endowment policy at age 27 with a face value of $25,000.

As per the table, we are clear that, we have to find Emily's annual premium.

Emily is 27 but we will take 24 (as given in table note number 4)

A 24 year old's rate is 42.34.

Table gives per $1000 face value.

In case of Emily, it is $\frac{25000}{1000}=25$

So, we get the premium now as : $25\times42.34=1058.50$ dollars

Therefore, Emily's premium is $1058.50.

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