7
QuizMultiple Choice

Life Insurance

Question 7 • Financial Math - MA2007

If Jesse wants to buy a $75,000 10-year term life insurance policy, and the annual premium rate (per $1000 of face value) for his age group is $2.34, how much is Jesse’s annual premium?

Answer
A
$175.50
B
$3,205.12
C
$234.00
D
$1,755.00
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