This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Byron Trenton wants to purchase a life insurance policy worth 200,000. His insurance agent quoted ... (Read 61 times)

bobbie

  • Hero Member
  • *****
  • Posts: 592
on: Jun 24, 2018
Byron Trenton wants to purchase a life insurance policy worth 200,000. His insurance agent quoted his monthly premiums at 57.50 per month. What is the cost of the insurance per 1,000?

Question 2

What is the amount of annual premium due for a 1,500,000 term life insurance policy quoted at 4.60 per 1,000?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

sierrahalpin

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 24, 2018
Answer to Question 1

3.45; 57.50  12 = 690;

Answer to Question 2

6,900;


bobbie

  • Member
  • Posts: 592
Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

dawsa925

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Diagram of the life cycle of Plasmodium falciparum, the causative agent of malaria Diagram of the life cycle of Plasmodium falciparum, the causative agent of malaria
Nursing Student life Nursing Student life
Scientific monitoring with environmental policy (SOER) Scientific monitoring with environmental policy (SOER)
Healthy eating is a way of life Healthy eating is a way of life
Celine Dion - Loved Me Back To Life (Hudson Leite & Thaellysson Pablo Remix) Celine Dion - Loved Me Back To Life (Hudson Leite & Thaellysson Pablo Remix)
Evolutionary trend in plant life cycles Evolutionary trend in plant life cycles
Video: Types of Transport - Uniport, Antiport and Symport (Glucose and Na+K+ Transporters)

For a complete list of videos, visit our video library