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yanalaym [24]
3 years ago
13

Carla Arslanian is 55 years old. She wants to purchase a $100,000, 10 year term life insurance policy. The premium per $1000 is

$8.95. What is her annual premium?
Mathematics
2 answers:
anyanavicka [17]3 years ago
5 0

Answer:

$863

Step-by-step explanation:

good luck have a nice day

castortr0y [4]3 years ago
3 0

Answer:

$863

Step-by-step explanation:

Given: Carla Arslanian is 55 years old. She wants to purchase a $100,000, 10-year term life insurance policy.

To find: What is her annual premium?

Solution: Insurance companies use mathematical calculation and statistics to calculate the number of insurance premiums they charge their clients.

Annual premium = face value x rate $100

Annual premium (for building) = $100,000 ÷ $1000 x 10 = $1000.  

The sum of the annual premium is $863.

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