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aleksandrvk [35]
3 years ago
14

Fred Rogers bought a $50,000 whole life insurance policy at age 20. What is his annual premium if the rate is $18.75 per $1,000

of insurance coverage?
Business
1 answer:
Margarita [4]3 years ago
5 0

Answer:

Amount of annual premium = $937.5

Explanation:

Given:

Total amount of insurance coverage = $50,000

Rate of premium = $18.75 per $1,000 Insurance coverage

Find:

Amount of annual premium

Computation:

Amount of annual premium = Total amount of insurance coverage [18.75/1,000]

Amount of annual premium = 50,000[18.75/1,000]

Amount of annual premium = 50[18.75]

Amount of annual premium = $937.5

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Answer:

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Answer:

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Explanation:

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Answer:

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