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Grace's employer is now offering group - term life insurance. The company will provide each employee with $ 1 8 5 , 0 0 0

Grace's employer is now offering group-term life insurance. The company will provide each employee with $185,000 of group-term life insurance. It costs Grace's employer $875 to provide this amount of insurance to Grace each year. Assuming that Grace is 31 years old, use the table provided above to determine the monthly premium that Grace must include in income as a result of receiving the group-term life benefit.
Uniform Premiums for $1,000 of Group-Term Life Insurance Protection:

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