Clear my choiceAbeer, aged 30, female, purchased an insurance policy from National Life Insurance with a face value of 26,000RO. The annual premium for five year fixed rate policy is:Rate tableFive year Fixed rateStraight LifeAgeMaleFemaleAgeMaleFemale201.571.27205.904.24251.651.33257.136.35301.871,56308.857.75352.231.763511.269.71403.522.444014.5412.46O a.RO 40.56O b. RO 230.1O c. RO 201.5O d. RO 48.62

In insurance table premium rates are given per 1000 so see table and get appropriate annual premium.

Answered: 30 1.87 1,56 30 8.8

Business

Finance

30 1.87 1,56 30 8.8

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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