Answer:
6
9
6.48
Step-by-step explanation:
this is the easiest way to solve for percentage:
Where all the percents (except 100) would go in part
and the whole number would go in whole
Then multiply 24 × 25 ÷ 100 = 6
Multiply 60 by 25 then divided by 100 = 9
Then for the last one 9 is what percent of 72
all we have to do is multiply 9 and then convert 72 into a decimal (0.72)
Then 9 × 0.72 = 6.48
The face value of the largest 20-year term policy which Maria can buy without spending more than $300 annually is $158,000.
<h3>What is face value?</h3>Face is the term used in finance, is used for the amount which has to be paid to the policyholder at the time of maturity.
Maria, age 28, wants to pay no more than $300 a year in life insurance.
The period for this policy is 20-year term.
Annual life insurance premium (per 1,000 dollars of face value) for age 28.
For the 20 year term for female is 1.89 and annular premium is $300. Thus, the face value is,
Thus, the face value of the largest 20-year term policy which Maria can buy without spending more than $300 annually is $158,000.
Learn more about the face value here;