Answer:
Answer is: $148,809.52
Step-by-step explanation:
Susan has purchased a whole life policy with a death benefit of $200,000.
Assuming that she dies in 10 years.
Rate = 3% or 0.03
Future value after 10 years = =
= 1.344
Purchasing power of proceeds = = $148,809.52
well, first off, let's notice that we have a trapezoid with a rectangle inside it, so the rectangle is really "using up" area that the trapezoid already has.
now, if we just get the area of the trapezoid, and then the area of the rectangle alone, and then subtract that area of the rectangle, the rectangle will in effect be making a hole inside the trapezoid's area, and what's leftover, is the shaded section, that part the hole is not touching.