Business Math 110
posted by Anonymous on .
I really don't get this... I don't see a yearly payment option in table to compare to the yearly in the problem?
Mike Reno, age 44, saw an Insurance Solutions Direct advertisement stating that its $500,000 term policy costs $395 per year. Compare this to Table 20.1 in the text.
How much would he save by going with Insurance Solutions Direct?
Five-Year Term: 4.50
Straight Life: 17.86
Twenty-Payment Life: 22.15
Twenty-Year Endowment: 40.09