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

Algebra ->  Finance -> 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      Log On


   

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) About Me  (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)