You are given the following table of values: 1000 „Ea5 1000 A'4s: m 5 790.0660 4.56232 13.47071 10 619.7521 8.15847 28.92617 15 479.2568 10.96533 48.55201 20 362.3681 13.12044 72.63702 25 264.3810 14.72923 101.34579 30 180.8207 15.87873 135.40619 A 20-year endowment insurance policy is purchased by (45). The policy provides for a death benefit of $250,000 and a pure endowment of $50,000, What is the net single phumium? (nearest dollar) OA $90,592 B. $21,730 C. $108,751 D. $36,278 Reset Selection

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
icon
Related questions
Question
You are given the following table of values:
1000 „E45
1000 A'45: n
5 790.0660 4.56232
13.47071
10 619.7521
8.15847
28.92617
15 479.2568 10.96533
48.55201
20 362.3681 13.12044
72.63702
25 264.3810 14.72923
101.34579
30 180.8207 15.87873
135.40619
A 20-year endowment insurance policy is purchased by (45). The policy provides for a death benefit of $250,000 and a pure
endowment of $50,000. What is the net single phumium? (nearest dollar)
A. $90,592
B. $21,730
C. $108,751
D. $36,278
Reset Selection
Transcribed Image Text:You are given the following table of values: 1000 „E45 1000 A'45: n 5 790.0660 4.56232 13.47071 10 619.7521 8.15847 28.92617 15 479.2568 10.96533 48.55201 20 362.3681 13.12044 72.63702 25 264.3810 14.72923 101.34579 30 180.8207 15.87873 135.40619 A 20-year endowment insurance policy is purchased by (45). The policy provides for a death benefit of $250,000 and a pure endowment of $50,000. What is the net single phumium? (nearest dollar) A. $90,592 B. $21,730 C. $108,751 D. $36,278 Reset Selection
Expert Solution
steps

Step by step

Solved in 4 steps

Blurred answer
Knowledge Booster
Annuity
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
Essentials Of Investments
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
FUNDAMENTALS OF CORPORATE FINANCE
FUNDAMENTALS OF CORPORATE FINANCE
Finance
ISBN:
9781260013962
Author:
BREALEY
Publisher:
RENT MCG
Financial Management: Theory & Practice
Financial Management: Theory & Practice
Finance
ISBN:
9781337909730
Author:
Brigham
Publisher:
Cengage
Foundations Of Finance
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education