Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2. Calculate the appropriate annual premium of a long-term life insurance policy for a customer with a future life expectancy of 25 years when the

image text in transcribed
2. Calculate the appropriate annual premium of a long-term life insurance policy for a customer with a future life expectancy of 25 years when the payment to be made after death is 100000 USD and the interest rate is 6% p.a. [Answer: 3773.58 USD]

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

ISE Computer Accounting With Quickbooks Online

Authors: Donna Kay

2nd Edition

1260590933, 9781260590937

More Books

Students also viewed these Accounting questions

Question

gpt 1 0 7 9 . blockchain .

Answered: 1 week ago