John Johnson is forty-seven. He is purchasing twenty-year endowment insurance, with a face value of $20,000. What is his annual
premium? 751.00 772.00 933.00 939.80
1 answer:
The answer is Letter D - 939.80.
You can refer to the attachment for the rate. Since he is forty-seven years old, use that age to find his rate under a twenty-year endowment insurance. In this case, the rate is 46.99. Multiply that rate to 20 since he purchased a 20-year endowment insurance with a face value of $20,000. (20,000/1,000 = 20)
46.99 x 20 = 939.80
You can refer to the attachment for the rate. Since he is forty-seven years old, use that age to find his rate under a twenty-year endowment insurance. In this case, the rate is 46.99. Multiply that rate to 20 since he purchased a 20-year endowment insurance with a face value of $20,000. (20,000/1,000 = 20)
46.99 x 20 = 939.80
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Answer:
D. StartFraction negative 1 + StartRoot 3 EndRoot Over 2 EndFraction
Step-by-step explanation:
Multiply numerator and denominator by the conjugate of the denominator. Then the denominator is the difference of squares, which will be rational. This simplification is called "rationalizing the denominator."