f1. Subject :- Finance Age ofMales7071727374$702.89$717.03$810.99Probabilityof DyingJohn, a 70 year-old male has just purchased a $10,000 two-year term policy. Assume that annual interestrate is 10%. Ignoring non-claim expenses what is his premium?$828.100.039510.043300.047650.056700.06239None of the aboveNumberofPeople627,416602,627576,533549,061517,766NumberofDeaths24,78926,09427,47231,29532,301

A term policy is a kind of life insurance that offers protection for a specific time span. It offers…

Answered: John, a 70 year-old male has just…

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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John, a 70 year-old male has just purchased a $10,000 two-year term policy. Assume that annual interest rate is 10%. Ignoring non-claim expenses what is his premium?