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A person age 6 0 purchases a 2 0 - year endowment insurance policy. The face amount of the policy is $ 1 2 0

A person age 60 purchases a 20-year endowment insurance policy. The face amount of the policy is $120,000. What is the net annual premium payable for the maximum of 10 years?
You are given: (|))(|))=7.85363,?20E60=0.23216 and i=4.5%
(A) $4,970.33
(B) $7,491.22
(C) $2,616.75
(D) $3,943.93
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