Tom worker pays $900 annually for $60,000 worth of life insurance.
at the end of 10 year...
Mathematics, 13.11.2019 18:31 shamiahG
Tom worker pays $900 annually for $60,000 worth of life insurance.
at the end of 10 years how much will tom have paid in premiums?
a) 60,000
b) 9,000
c) 900
at the end of 10 years what will the cash value of his policy be?
a) 5,340
b) 53,400
c) 60,000
what will the ratio of cash value to premiums paid be (as a percent to the nearest tenth)?
a) 168.5%
b) 89%
c) 59.3%
Answers: 1
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