Business Math 110
posted by Anonymous .
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?
Table 20.1:
Age:44
FiveYear Term: 4.50
Age:44
Straight Life: 17.86
Age:44
TwentyPayment Life: 22.15
Age:44
TwentyYear Endowment: 40.09
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