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If Mr. Levis, a 40-year-old man, wants to buy a one-year term life insurance policy with a face amount of $1,000,000, would you be able

If Mr. Levis, a 40-year-old man, wants to buy a one-year term life insurance policy with a face amount of $1,000,000, would you be able to calculate the Net Single Premium of the policy for her? (The annual interest rate is assumed to be 5%)

Answer: 1571.43

Show why the answer is 1571.43 on financial calculator BA II Plus Texas Instrument

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