Answer 
 The yearly value of the compensation package is $66680 .
Explanation:
As given
A college professor's compensation package includes the total cost of a $325-per-month health insurance plan, 
The total cost of a $65-per-month life insurance plan .
A salary of $62,000 per year.
Thus 
Total cost of the health and life insurance =  Cost of health insurance + Cost of  life insurance 
Putting the values in the above
 Total cost of the health and life insurance = $325 + $65 
                                                                        = $ 390 
As 1 year contains 12 months .
Thus
 Total cost of the health and life insurance in 12 months = 12 × Total cost of the health and life insurance .
                                                                                              = 12 × 390
                                                                                              = $4680
Yearly value of the compensation package = Gross pay + Total cost of the health and life insurance in 12 months .
                                                                         = $62000 + $4680
                                                                         = $ 66680
Therefore the yearly value of the compensation package is $66680 .