Since it is given that it costs $2.34 for every $1000 face value, and it was given that he wanted to buy a $75000 plan, multiplying $2.34 by 75 (75000 includes 75 $1000 face value), it should yield us the annual premium.
2.34 * 75 = $175.50
We don't need to multiply it by 10 years as only the annual premium is being solved for.
Convert 300% into decimals. So move the decimal point 2 times to the left and you get 3.00 and multiply it by 5 and square it because area of square is s^2
