7
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Topic Test

Question 7 • LVA - Mathematical Modeling - Spring

The following table gives annual life insurance premiums per $1,000 of face value. Use the table to determine the face value of a 10-year term insurance policy on a 24-year-old male given that the annual premium for the insurance policy is $359.25. If need be, round your answer to the nearest cent.

Question illustration
Answer
A
$75,000
B
$79,656.32
C
$80,369.13
D
$76,436.17
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