SOLUTION: What is the annual premium for a 30-year-old female to purchase $25,000 in a 20-year endowment, if the cost per $1,000 unit of insurance for a 25-year-old male is $45.31? A. $55

SOLUTION: What is the annual premium for a 30-year-old female to purchase $25,000 in a 20-year endowment, if the cost per $1,000 unit of insurance for a 25-year-old male is $45.31? A. $55

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Question 1197523: What is the annual premium for a 30-year-old female to purchase $25,000 in a 20-year endowment, if the cost per $1,000 unit of insurance for a 25-year-old male is $45.31?
A. $551.75
B. $1,132.75
C. $1,359.30
D $2,000

Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
$45.31 x 25 = $1132.75
(Assuming the cost to the female is the same as the male pays)
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