30 1.87 1,56 30 8.8

PFIN (with PFIN Online, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)
6th Edition
ISBN:9781337117005
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter8: Insuring Your Life
Section: Chapter Questions
Problem 3FPE
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Clear my choice
Abeer, aged 30, female, purchased an insurance policy from National Life Insurance with a face value of 26,000
RO. The annual premium for five year fixed rate policy is:
Rate table
Five year Fixed rate
Straight Life
Age
Male
Female
Age
Male
Female
20
1.57
1.27
20
5.90
4.24
25
1.65
1.33
25
7.13
6.35
30
1.87
1,56
30
8.85
7.75
35
2.23
1.76
35
11.26
9.71
40
3.52
2.44
40
14.54
12.46
O a.
RO 40.56
O b. RO 230.1
O c. RO 201.5
O d. RO 48.62
Transcribed Image Text:Clear my choice Abeer, aged 30, female, purchased an insurance policy from National Life Insurance with a face value of 26,000 RO. The annual premium for five year fixed rate policy is: Rate table Five year Fixed rate Straight Life Age Male Female Age Male Female 20 1.57 1.27 20 5.90 4.24 25 1.65 1.33 25 7.13 6.35 30 1.87 1,56 30 8.85 7.75 35 2.23 1.76 35 11.26 9.71 40 3.52 2.44 40 14.54 12.46 O a. RO 40.56 O b. RO 230.1 O c. RO 201.5 O d. RO 48.62
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