harleyjay2424
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Will C. Lowe wishes to purchase an ordinary whole life insurance policy with a face value of $50,000. What will his annual premium be, if his age for insurance purposes is fifty-one?

Respuesta :

Aliwohaish12
Hi there

Since 34.55 per 1000
So number of thousands on 50000
50,000÷1,000
=50
his annual premium be
50×34.55
=1,727.5

Hope it helps

Answer:

Annual premium will be $1727.5

Step-by-step explanation:

Since the age of Will C. Lowe for insurance purposes is 51, Therefore he has to pay $34.55 per $1000

Therefore If Will C. Lowe wishes to purchase an ordinary whole life insurance policy with a face value of $50,000 than his annual premium can be determined as follows

=[tex]\frac{50000\times 34.55}{1000}\\ 50\times 34.55[/tex]

Annual premium=$1727.5

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