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Use the information in the table below for the next two questions: n 1000 E25 ä25: n 1000 A 1 25.: n | 10 636.6308 8.23027 8.95545 15 507.3955 11.14370 12.73201 20 403.1289 13.46340 17.10761 25 318.4984 15.30260 22.53804 30 249.8400 16.75231 28.76859 35 193.2023 17.88384 36.68033 40 146.0810 18.75262 46.38969 A 29. A 35-year endowment insurance policy is issued to (25). The policy pays $150,000 if death occurs before age 60 or pays $50,000 if the person survives to the end of the 35-year period. Net annual premiums are payable for a maximum of 20 years. What is the net annual premium? (A) $1126.18 M (0) (B) $2561.20 2. A pertos aged 30 buys a whole If the (C) $408.67 vluo (1) () vico 0) (8) the following (D) $2152.53 30. A 25-year term insurance policy issued to (25) with face amount $250,000. What is the net quarterly premium (paid 4 times a year) payable for a maximum of 15 years? (A) $126.41 (B) $130.81 (C) $128.54 (D) $115.09

Use the information in the table below for the next two questions: n 1000 E25 ä25: n 1000 A 1 25.: n | 10 636.6308 8.23027 8.95545 15 507.3955 11.14370 12.73201 20 403.1289 13.46340 17.10761 25 318.4984 15.30260 22.53804 30 249.8400 16.75231 28.76859 35 193.2023 17.88384 36.68033 40 146.0810 18.75262 46.38969 A 29. A 35-year endowment insurance policy is issued to (25). The policy pays $150,000 if death occurs before age 60 or pays $50,000 if the person survives to the end of the 35-year period. Net annual premiums are payable for a maximum of 20 years. What is the net annual premium? (A) $1126.18 M (0) (B) $2561.20 2. A pertos aged 30 buys a whole If the (C) $408.67 vluo (1) () vico 0) (8) the following (D) $2152.53 30. A 25-year term insurance policy issued to (25) with face amount $250,000. What is the net quarterly premium (paid 4 times a year) payable for a maximum of 15 years? (A) $126.41 (B) $130.81 (C) $128.54 (D) $115.09

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Use the information in the table below for the next two questions: n 1000 E25 ä25: n 1000 A 1 25.: n | 10 636.6308 8.23027 8.95545 15 507.3955 11.14370 12.73201 20 403.1289 13.46340 17.10761 25 318.4984 15.30260 22.53804 30 249.8400 16.75231 28.76859 35 193.2023 17.88384 36.68033 40 146.0810 18.75262 46.38969 A 29. A 35-year endowment insurance policy is issued to (25). The policy pays $150,000 if death occurs before age 60 or pays $50,000 if the person survives to the end of the 35-year period. Net annual premiums are payable for a maximum of 20 years. What is the net annual premium? (A) $1126.18 M (0) (B) $2561.20 2. A pertos aged 30 buys a whole If the (C) $408.67 vluo (1) () vico 0) (8) the following (D) $2152.53 30. A 25-year term insurance policy issued to (25) with face amount $250,000. What is the net quarterly premium (paid 4 times a year) payable for a maximum of 15 years? (A) $126.41 (B) $130.81 (C) $128.54 (D) $115.09
Transcribed Image Text:Use the information in the table below for the next two questions: n 1000 E25 ä25: n 1000 A 1 25.: n | 10 636.6308 8.23027 8.95545 15 507.3955 11.14370 12.73201 20 403.1289 13.46340 17.10761 25 318.4984 15.30260 22.53804 30 249.8400 16.75231 28.76859 35 193.2023 17.88384 36.68033 40 146.0810 18.75262 46.38969 A 29. A 35-year endowment insurance policy is issued to (25). The policy pays $150,000 if death occurs before age 60 or pays $50,000 if the person survives to the end of the 35-year period. Net annual premiums are payable for a maximum of 20 years. What is the net annual premium? (A) $1126.18 M (0) (B) $2561.20 2. A pertos aged 30 buys a whole If the (C) $408.67 vluo (1) () vico 0) (8) the following (D) $2152.53 30. A 25-year term insurance policy issued to (25) with face amount $250,000. What is the net quarterly premium (paid 4 times a year) payable for a maximum of 15 years? (A) $126.41 (B) $130.81 (C) $128.54 (D) $115.09
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