The answer is Letter D - 939.80.
You can refer to the attachment for the rate. Since he is forty-seven years old, use that age to find his rate under a twenty-year endowment insurance. In this case, the rate is 46.99. Multiply that rate to 20 since he purchased a 20-year endowment insurance with a face value of $20,000. (20,000/1,000 = 20)
46.99 x 20 = 939.80
You can refer to the attachment for the rate. Since he is forty-seven years old, use that age to find his rate under a twenty-year endowment insurance. In this case, the rate is 46.99. Multiply that rate to 20 since he purchased a 20-year endowment insurance with a face value of $20,000. (20,000/1,000 = 20)
46.99 x 20 = 939.80