Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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I got all answers wrong:( annual premium I got 1,088. Semiannual I got $566. Quarterly I got 283. Monthly I got $98. Please help
Transcribed Image Text:2.
Using Table 19-1 and
Semi annual, quarterly
insurance policy.
(Round
Face of Value Sex-age
$40,000
Incured
male-40
19-2 Calculate
the annual,
and monthly (in $) for the life
answer to nearest Cent)?
Jour
Type Anqual premists Sami annual Quarterly Monthly
whole
↑
life
tab
fn
shift
esc
$
caps lock
!
1
control
000
FI
Q
A
@
2
TABLE 19-1 Annual Life Insurance Premiums (per $1,000 of Face Value)
Age
18
19
20
21
22
23
24
25
26
27
28
29
30
35
40
45
50
55
60
-30%-
F2
N
2
option
W
Male
$2.32
2.38
2.43
2.49
2.55
2.62
2.69
2.77
2.84
2.90
2.98
3.07
3.14
3.43
4.23
6.12
9.72
16.25
24.10
S
5-Year
Term
#
3
80
X
Female
$ 1.90
1.96
2.07
Term Insurance
288835836
E
2.15
2.22
2.30
2.37
2.45
2.51
2.58
2.64
2.70
2.78
2.92
3.90
5.18
8.73
12.82
19.43
command
$
4
D
Male
$4.33
4.42
4.49
4.57
4.64
4.70
4.79
4.85
C
4.92
5.11
5.18
5.23
5.30
6.42
7.14
R
8.81
14.19
22.03
10-Year
Term
37.70
%
5
F
*
12088999999633333333
Female
FS
$ 4.01
4.12
4.20
4.29
4.36
4.42
4.47
4.51
4.60
4.69
4.77
4.84
4.93
5.35
6.24
7.40
9.11
13.17
24.82
T
V
^
6
MacBook Air
G
Male Female
$13.22 $11.17
13.60 11.68
14.12 12.09
14.53
12.53
14.97 12.96
15.39 13.41
15.90 13.92
16.38 14.38
16.91
Whole
Life
14.77
17.27 15.23
17.76 15.66
16.18
18.12
18.54
16.71
24.19 22.52
27.21 25.40
33.02 29.16
37.94 33.57
45.83 37.02
53.98 42.24
FA
Y
&
7
B
99
17
H
U
Male
$23.14
24.42
25.10
32.15
37.10
42.27
48.73
56.31
61.09
70.43
25.83
26.42
27.01
27.74
28.40
29.11
29.97
30.68
31.52
8
20-Payment
Life
N
Dil
J
Permanent Insurance
Female Male Female
$19.21
20.92
21.50
$33.22 $29.12
33.68 30.04
34.42 31.28
34.90
35.27
31.79
32.40
35.70
32.93
33.61
36.49
37.02
37.67
34,87
38.23
38.96
39.42
40.19
22.11
22.89
23.47
24.26
25.04
25.96
26.83
27.54
28.09
28.73
33.12
36.29
39.08
44.16
49.40
52.55
1
(
9
43.67
48.20
51.11
58.49
71.28
79.15
DD
14
K
M
1
20-Year
Endowment
O
O
35.30
35.96
36.44
37,21
37.80
39.19
42.25
46.04
49,20
53.16
58.08
9
FO
F10
L
<
I
H
P
ep
>
command
Transcribed Image Text:TABLE 19-2
Life Insurance-Premium
Factors
#
3
E
C
Premium
Paid
80
F3
Semiannually
Quarterly
Monthly
54
$
F4
R
1
%
5
0
F5
T
C
6
MacBook Air
F6
Y
Percent of
Annual
Premium
&
7
8
F7
52%
26%
9%
U
* 00
8
DII
FB
1
61
(
9
F9
)
0
0
7
F10
1
P
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