Use the table to find the yearly premiums in each of the following cases.
2 answers:
Answer:
The annual premium paid by George Anderson is $846.90.
Step-by-step explanation:
It is given that George Anderson takes out $30,000 of a twenty-payment life insurance.
The age of George Anderson is 36.
In the given table the first column represents the age and 4th column represents the twenty-payment life insurance.
From the given table it is noticed that the annual premium for males, whose age is 36, is 28.23 per $1000.
Multiply both sides by 30.
Therefore the annual premium paid by George Anderson is $846.90.
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