Justin, age 52, wants to pay no more than $800 a year in life insurance. If the annual life insurance premium rate (per $1000 of face value) is $5.38, what is the largest 15-year term policy be can
buy without spending more than $800 annually?
O $80,700
O $148,700
O $538,000
O $800,000

Question

03-12-2022
Mathematics

Answered

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Justin, age 52, wants to pay no more than $800 a year in life insurance. If the annual life insurance premium rate (per $1000 of face value) is $5.38, what is the largest 15-year term policy be can
buy without spending more than $800 annually?
O $80,700
O $148,700
O $538,000
O $800,000

Sagot :

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