TABLE 20-1 Flve-year Stralght Twenty- Twenty-year Age term Age life Age payment life Age endowment ife insurance rates for males (for emales, subtract 3 years from the ge)? 20 1.85 20 5.90 20 8.28 20 13.85 21 1.85 21 6.13 21 8.61 21 14.35 22 1.85 22 6.35 22 8.91 22 14.92 23 1.85 23 6.60 23 9.23 23 15.54 24 1.85 24 6.85 24 9.56 24 16.05 25 1.85 25 7.13 25 9.91 25 17.55 26 1.85 26 7.43 26 10.29 26 17.66 27 1.86 27 7.75 27 10.70 27 18.33 28 1.86 28 8.08 28 11.12 28 19.12 29 1.87 29 8.46 29 11.58 29 20.00 30 1.87 30 8.85 30 12.05 30 20.90 31 1.87 31 9.27 31 12.57 31 21.88 32 1.88 32 9.71 32 13.10 32 22.89 33 1.95 33 10.20 33 13.67 33 23.98 34 2.08 34 10.71 34 14.28 34 25.13 35 2.23 35 11.26 35 14.92 35 26.35 36 2.44 36 11.84 36 15.60 36 27.64 37 2.67 37 12.46 37 16.30 37 28.97 38 2.95 38 13.12 38 17.04 38 30.38 39 3.24 39 13.8 1 39 17.81 39 31.84 40 3.52 40 14.54 40 18.61 40 33.36 41 3.79 41 15.30 41 19.44 41 34.94 202.
TABLE 20-1 Flve-year Stralght Twenty- Twenty-year Age term Age life Age payment life Age endowment ife insurance rates for males (for emales, subtract 3 years from the ge)? 20 1.85 20 5.90 20 8.28 20 13.85 21 1.85 21 6.13 21 8.61 21 14.35 22 1.85 22 6.35 22 8.91 22 14.92 23 1.85 23 6.60 23 9.23 23 15.54 24 1.85 24 6.85 24 9.56 24 16.05 25 1.85 25 7.13 25 9.91 25 17.55 26 1.85 26 7.43 26 10.29 26 17.66 27 1.86 27 7.75 27 10.70 27 18.33 28 1.86 28 8.08 28 11.12 28 19.12 29 1.87 29 8.46 29 11.58 29 20.00 30 1.87 30 8.85 30 12.05 30 20.90 31 1.87 31 9.27 31 12.57 31 21.88 32 1.88 32 9.71 32 13.10 32 22.89 33 1.95 33 10.20 33 13.67 33 23.98 34 2.08 34 10.71 34 14.28 34 25.13 35 2.23 35 11.26 35 14.92 35 26.35 36 2.44 36 11.84 36 15.60 36 27.64 37 2.67 37 12.46 37 16.30 37 28.97 38 2.95 38 13.12 38 17.04 38 30.38 39 3.24 39 13.8 1 39 17.81 39 31.84 40 3.52 40 14.54 40 18.61 40 33.36 41 3.79 41 15.30 41 19.44 41 34.94 202.
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
Related questions
Question
Calculate the annual premium for the following policy. (Use Table 20.1.) (for females subtract 3 years from the table.) (Round your answer to the nearest cent.)
**TABLE ATTACHED*****
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Transcribed Image Text:TABLE 20-1
Five-year
Stralght
Twenty-
payment life
Twenty-year
Age
term
Age
life
Age
Age
endowment
Life insurance rates for males (for
females, subtract 3 years from the
age)?
20
1.85
20
5.90
20
8.28
20
13.85
21
1.85
21
6.13
21
8.61
21
14.35
22
1.85
22
6.35
22
8.91
22
14.92
23
1.85
23
6.60
23
9.23
23
15.54
24
1.85
24
6.85
24
9.56
24
16.05
25
1.85
25
7.13
25
9.9 1
25
17.55
26
1.85
26
7.43
26
10.29
26
17.66
27
1.86
27
7.75
27
10.70
27
18.33
28
1.86
28
8.08
28
11.12
28
19.12
29
1.87
29
8.46
29
11.58
29
20.00
30
1.87
30
8.85
30
12.05
30
20.90
31
1.87
31
9.27
31
12.57
31
21.88
32
1.88
32
9.71
32
13.10
32
22.89
33
1.95
33
10.20
33
13.67
33
23.98
34
2.08
34
10.71
34
14.28
34
25.13
35
2.23
35
11.26
35
14.92
35
26.35
36
2.44
36
11.84
36
15.60
36
27.64
37
2.67
37
12.46
37
16.30
37
28.97
38
2.95
38
13.12
38
17.04
38
30.38
39
3.24
39
13.8 1
39
17.81
39
31.84
40
3.52
40
14.54
40
18.61
40
33.36
41
3.79
41
15.30
41
19.44
41
34.94
42
4.04
42
16.11
42
20.31
42
36.59
43
4.26
43
16.96
43
21.21
43
38.29
44
4.50
44
17.86
44
22.15
44
40.09
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