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Author Question: Parker Manufacturing buys life insurance policies for their top three employees. They purchase ... (Read 111 times)

Collmarie

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on: Jun 24, 2018
Parker Manufacturing buys life insurance policies for their top three employees. They purchase 225,000 term policies for each employee, quoted at 3.37 per 1,000 for one year. How much will the monthly premium be for all three employees?
 A) 63.19
  B) 189.56
  C) 758.25
  D) 2,274.75

Question 2

What is the annual premium for a 125,000 term life insurance policy quoted at 2.95 per 1,000?
 A) 328.75
  B) 368.75
  C) 2,950.00
  D) 4,425.00


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cclemon1

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Reply #1 on: Jun 24, 2018
Answer to Question 1

B

Answer to Question 2

B


Collmarie

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Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

Dinolord

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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