Angelo, age 40, is comparing the premium for a $125,000 whole life insurance policy he may take now and the premium for the same policy taken out at age 45. Using the table, find the difference in total premium costs over 20 years for this policy at the two age levels. Round your answer to the nearest dollar. A 3-column table with 6 rows titled Annual life insurance premium (per 1,000 dollars of face value). Column 1 is labeled age with entries 30, 35, 40, 45, 50, 55. Column 2 is labeled whole life, male, with entries 14. 08, 17. 44, 22. 60, 27. 75, 32. 92, 38. 8. Column 3 is labeled whole life, female with entries 12. 81, 15. 86, 20. 55, 25. 24, 29. 94, 34. 64. A. $69,375 b. $11,725 c. $12,875 d. $644 Please select the best answer from the choices provided A B C D.

Answers

Answer 1

The correct answer is option C. $12,875.Given the table below.Annual life insurance premium (per 1,000 dollars of face value) Age Whole life, male Whole life, female 30$14.08$12.8135$17.44$15.8640$22.60$20.5545$27.75$25.2450$32.92$29.9455$38.80$34.64

Angelo is comparing the premium for a $125,000 whole life insurance policy he may take now and the premium for the same policy taken out at age 45.Using the table, we can calculate the difference in total premium costs over 20 years for this policy at the two age levels.

First, we need to find the annual premium for the policy if Angelo takes it now.Annual premium for $1,000 face value for a 40-year-old male is $22.60.Annual premium for $125,000 face value for a 40-year-old male would be:Annual premium = (face value ÷ 1,000) × premium rate per $1,000 face value= (125 × $22.60)= $2,825.

The annual premium for a 40-year-old male for $125,000 face value is $2,825.The total premium costs over 20 years if Angelo takes the policy now is:

Total premium = 20 × annual premium= 20 × $2,825= $56,500Next, we need to find the annual premium for the policy if Angelo takes it at age 45.Annual premium for $1,000 face value for a 45-year-old male is $27.75.Annual premium for $125,000 face value for a 45-year-old male would be:

Annual premium = (face value ÷ 1,000) × premium rate per $1,000 face value= (125 × $27.75)= $3,469The annual premium for a 45-year-old male for $125,000 face value is $3,469.The total premium costs over 20 years if Angelo takes the policy at age 45 is:

Total premium = 20 × annual premium= 20 × $3,469= $69,375The difference in total premium costs over 20 years for this policy at the two age levels is: Difference = Total premium for 45-year-old – Total premium for 40-year-old= $69,375 – $56,500= $12,875.Hence, the correct answer is option C. $12,875.

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Related Questions

PLEASE HELP ASAP!!
Graph the function
h (x) = -4x-1.

Answers

Answer:

Hope this helps!

The table shows how many hours Sara spent at several activities one Saturday.
Activity "Hours
Soccer practice 2
Birthday party 3
Science project 1
What is the ratio of hours spent at soccer practice to hours spent at a birthday party?
Choose 1 answer:
1 for every 2
B
2 for every 1
2 for every 3
3 for every 2

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Answer:

Its2 for every 3

Step-by-step explanation:

Help me solve thank you will give 20 points

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Answer:

Natalie bought 500 apples at $0.40 each, then she pays $0.40 500 times, this means that the total cost of the 500 apples is:

Cost = 500*$0.40 = $200

Now she threw away n apples from the 500 apples, then the number of apples that she has now is:

apples = 500 - n

And she sells the remaining apples for $0.70 each.

a) The amount that she gets by selling the apples is:

Revenue = (500 - n)*$0.70

b) We know that she did not make a loss, then the revenue must be larger than the cost, this means that:

cost ≤ revenue

$200 ≤ (500 - n)*$0.70

c) We need to solve the inequality for n.

$200 ≤ (500 - n)*$0.70

$200/$0.70 ≤ (500 - n)

285.7  ≤ 500 - n

n + 285.7 ≤ 500

n ≤ 500 - 285.7

n ≤ 214.3

Then the maximum value of n must be equal or smaller than 214.3

And n is a whole number, then we can conclude that the maximum number of rotten apples can be 214.

please help me please​

Answers

Answer:

2πx - 4

Step-by-step explanation:

C = 2πr

r = (x-2)

C = 2π(x-2)

C = 2πx - 4

What is the volume of the rectangular prism below?​

Answers

Answer:

V=140

Step-by-step explanation:

5*4=20

20*7=140

Find values of x and y for which ABCD must be a parallelogram. The diagram is not to
scale.

Answers

Step-by-step explanation:

again option D x = 10, y= 3

is the correct answer of this question.

plz mark my answer as brainlist.if you find it useful.

hope this will be helpful to you.

Answer:

x = 10

y = 7

Step-by-step explanation:

4x-2 = x+28

4x-x = 28+2

3x = 30

x = 30÷3

x = 10

4y-7 = y+14

4y-y = 14+7

3y = 21

y = 21÷3

y = 7

Help me plz someone??

Answers

Answer:

200π m²

Step-by-step explanation:

The lateral area (A) of a cone is calculated as

A = πrl ( r is the base radius and l the slant height )

Here r = 8 and l = 25, then

A = π × 8 × 25 = 200π cm²

In ΔWXY, x = 680 inches, w = 900 inches and ∠W=157°. Find all possible values of ∠X, to the nearest degree.

Answers

Given:

In ΔWXY, x = 680 inches, w = 900 inches and ∠W=157°.

To find:

The all possible values of ∠X, to the nearest degree.

Solution:

Law of Sines:

[tex]\dfrac{a}{\sin A}=\dfrac{b}{\sin B}=\dfrac{c}{\sin C}[/tex]

For ΔWXY,

[tex]\dfrac{w}{\sin W}=\dfrac{x}{\sin X}=\dfrac{y}{\sin Y}[/tex]

Now,

[tex]\dfrac{w}{\sin W}=\dfrac{x}{\sin X}[/tex]

[tex]\dfrac{900}{\sin (157^\circ)}=\dfrac{680}{\sin X}[/tex]

[tex]900\sin X=680\sin (157^\circ)[/tex]

[tex]\sin X=\dfrac{680}{900}\sin (157^\circ)[/tex]

[tex]\sin X=0.295219[/tex]

[tex]X=\sin^{-1}(0.295219)[/tex]

[tex]X=17.17067[/tex]

[tex]X\approx 17[/tex]

Therefore, the value of ∠X is 17 degrees.

Idris bought 9 tomato plants for $33.12. How much did each tomato plant cost?

Answers

33.12 ÷ 9 = 3.68$3.68

Answer:

9 tomat plant cost= 33.12

each tomato plant cost = 33.12 / 9

answer = 3.68 dalours

Tyrone has 16 model airplanes on his shelf. He has 4 times as many model airplanes as model trains. How many model trains does Tyrone have?


Write multiplication and division equations to model and solve the problem. Use m for the unknown

Answers

Step-by-step explanation:

Write multiplication and division equations to model and solve the problem. Use m for the unknown

I need help, please solve this math problem. If you don't know the answer please don't answer. You will get reported.

Answers

Answer:

I believe it's A 2¹²

Step-by-step explanation:

The answer lies in the question itself.

In the equation, we have

3x - y = 12.

This means 3x = 12 + y.

We have to find 8^x/2^y.

8 can be written as 2^3. Therefore, 8^x = 2^3x.

But 3x = 12 + y, hence can be replaced.

Now we have, in the fraction, 2^(12 + y)/2^y.

This can be written as 2^(12 + y - y) = 2^12.

I need help with this ASAP

Answers

18.84 !!!!!!!!!!!!!!!

Answer:

37.68

Step-by-step explanation:

what is the least integer greater than -3.7

Answers

Answer:

-3

Step-by-step explanation:

An integer is a number that is a whole number (not a fraction). So, the least integer that is greater than -3.7, is -3.

I hope this helps!

Find the surface area of the square pyramid shown in the net below. The surface area of the
figure is
cm. (Round your answer to the nearest tenth.)
4 cm
8.4 cm

Answers

Answer:

93 cm

Step-by-step explanation:

aswdthjkl;hgfsdawdfhuh

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Answer:

ong

Step-by-step explanation:

dude can you not spam???

Direction: Read and analyze each question below, the write the letter of the correct answer.

1. Which of the following is a conditional statement?
a. If Andrew cleans the room then Andrea cleans the kitchen.

b. Andrew and Andrea clean the kitchen.

c. None of the above

2. Which of the following is a converse statement of the sentence "If you eat vegetables, then you are healthy"?
a. If you are healthy, then you eat vegetables.

b. If you do not eat vegetables, then you are not healthy.

c. None of the above

3. Which of the following is the contrapositive statement of the sentence "If you eat vegetables, then you are healthy"?
a. If you are healthy, then you eat vegetables.

b. If you do not eat vegetables, then you are not healthy.

c. None of the above

NEED ASAP​

Answers

Answer:

1 is A

2 is A

3 is none of the above

Step-by-step explanation:

What is the slope of the line that contains these points?
-1 1
3
5
y
10
2
-6
414

Answers

m=-1-1/10-2=-2/8= -1/4

what is the sum of 17 and a difference of 5

Answers

Answer:

The answer is 12.

~Hoped this helped~

Answer:

please mark me as brainliest answer

Step-by-step explanation:

The sum of two numbers is 17 and their difference is 5. What are the two numbers? Let's start by calling the two numbers we are looking for x and y.

The sum of x and y is 17. In other words, x plus y equals 17 and can be written as equation A:

x + y = 17

The difference between x and y is 5. In other words, x minus y equals 5 and can be written as equation B:

x - y = 5

Now solve equation B for x to get the revised equation B:

x - y = 5

x = 5 + y

Then substitute x in equation A from the revised equation B and then solve for y:

x + y = 17

5 + y + y = 17

5 + 2y = 17

2y = 12

y = 6

Now we know y is 6. Which means that we can substitute y for 6 in equation A and solve for x:

x + y = 17

x + 6 = 17

X = 11

Summary: The sum of two numbers is 17 and their difference is 5. What are the two numbers? Answer: 11 and 6 as proven here:

Sum: 11 + 6 = 17

Difference: 11 - 6 = 5

i need help!!!! list the factors of -108 that equal to -3

Answers

Answer:

9 and -12

Step-by-step explanation:

This is the answer 9 and -12


Given the line y =2/3x-3
Write the equation of a line perpendicular to it that passes
through the point (4, -1)

Answers

Answer:

y= -3/2x + 5

Step-by-step explanation:

You do the opposite reciprocal of the original equation's slope.

Then you use the new slope from the point (4,-1) on the graph to find the y-intercept. Which is (0,5).

That gets your answer of -3/2x + 5.

there's 4 that describe the same function

Answers

Answer:

A,B,C,E

Step-by-step explanation:

for a everything is multiplied by 10

for c everything is divided by 6

for b everything is divided by 12

e is the only other one that fits

for a everything is multiplied by 10

for c everything is divided by 6

for b everything is divided by 12

e is the only other one that fits

ABCE is the answer to the question

−12 = −0.6k solve for k

Answers

Answer:

-20

Step-by-step explanation:

Step-by-step explanation:

-12=-0.6k

divide both sides by -0.6

k=20

lmk if this is right

Jeri asked 30 classmates how many liked chocolate cake,how many liked white cake,and how many liked neither.Eleven liked chocolate cake,and seven liked white.Assuming that all of her classmates replied,what percent liked neither?​

Answers

11/30 + 7/30 = 18/30

30/30 - 18/30 = 12/30

12/30 = 0.4

40% liked neither.

Answer:

percent of classmates looked liked neither of 'em=40%

Step-by-step explanation:

students who liked chocolate cake=11

students who liked white cake=7

students who didn't like either of it=30-18=12

percentage of ''=[tex]\frac{12}{30}[/tex] ×100=40%

It usually takes Mary 6 hours to do the cleaning that Jane can do in 5 hours and Ellen can do in 4 hours. If
Jane and Ellen agree to help Mary so that they can all go on a picnic, how long will it take them to do the
cleaning?

Answers

Answer:

It will take them about 5 hours to do the cleaning.

Step-by-step explanation:

Since all three of them are going to do it together, you must find the average amount of time between the three of them. To do this you add all of their cleaning times, 6, 5 and 4, and them divide by the amount of people there. 6+5+4= 15, 15/3=5.

can someone please help? i’ll mark brainliest!!

Answers

Answer:

z+5 z+2 Z i think

Step-by-step explanation:

the lenght is longer to shorter

Answer:

angle # > angle * > angle $

Step-by-step explanation:

Since z + 5 > z+ 1 > z

So, angle # > angle * > angle $ (Angle opposite to greater side is greater and opposite to smallest side is smallest)

A 1,000 mL solution of acetic acid contains 26 mL of pure acetic acid. Find the percent concentration of this solution.

Answers

Given:

Total solution : 1000mL

Pure acetic acid = 26mL

To find:

The percent concentration of given solution.

Solution:

We know that,

[tex]\text{Percent concentration}=\dfrac{\text{Pure acetic acid}}{\text{Total solution}}\times 100[/tex]

Putting the given values, we get

[tex]\text{Percent concentration}=\dfrac{26}{1000}\times 100[/tex]

[tex]\text{Percent concentration}=\dfrac{26}{10}[/tex]

[tex]\text{Percent concentration}=2.6[/tex]

Therefore, the percent concentration of this solution is 2.6%.

5/7=12/y solve for y.

Answers

I believe the answer is 84/5

Answer:

Step-by-step explanation:

5/7 = 12/y

5y = 84

y = 84/5

d) What would be the total cost of purchasing the number of shirts needed to use your coupon—after your coupon is applied and a 7.5% sales tax is charged on the purchase?

Answers

Answer: Multiply 7.5% by the price after subtracting the coupon's value.

Step-by-step explanation:

Let's assume that the cost of the shirts is x. So the coupon would subtract y from x so that's x-y which gives us z. Then to find z, on a calculator just put in 7.5% x z. I used variables since I don't know the value of the coupon or the original price of the shirts.

Two fuel tanks with the dimensions shown have the same volume. What is the value of ?

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Answer:

The height is 2ft

Step-by-step explanation:

plz I NEEEEED HELP NOWWWW PLZ PLZ PLZ

Answers

○=> Correct option :[tex]\color{hotpink}\bold{ (a) \: 130}[/tex]○=> Steps to derive correct option :

Angle (p+7)° and angle (3p+1)° are a linear pair so their sum will be equal to 180°.

Which means :

[tex] =\tt 3p + 1 + p + 7 = 180[/tex]

Let us solve that equation to find the value of p and the two angles :

[tex] =\tt 3p + 1 + p + 7 = 180[/tex]

[tex] =\tt 3p + p + 1 + 7 = 180[/tex]

[tex] =\tt 4p + 8 = 180[/tex]

[tex] = \tt4p = 180 - 8[/tex]

[tex] = \tt4p = 172[/tex]

[tex] =\tt p = \frac{172}{4} [/tex]

[tex]\hookrightarrow \tt \color{plum}p = 43[/tex]

Thus, value of p = 43

Measure of angle (p+7)° :

[tex] =\tt 43 + 7[/tex]

[tex]\tt\color{plum}angle \: (p + 7)° =\tt 50°[/tex]

Measure of angle (3p+1)° :

[tex] =\tt 43 \times 3 + 1[/tex]

[tex] = \tt129 + 1[/tex]

[tex]\tt\color{plum}angle \: (3p + 1)° = 130°[/tex]

Thus, the measure of the larger angle = 130°

Therefore, the correct option is (a) 130

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