33
QuizMultiple Choice

Life Insurance

Question 33 • Financial Math - MA2007

Maria, age 28, wants to pay no more than $300 a year in life insurance. What is the face value of the largest 20-year term policy she can buy without spending more than $300 annually?

Question illustration
Answer
A
$234,000
B
$158,000
C
$11,000
D
$567,000
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