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Maria, age 28, wants to pay no more than $300 a year in life insurance. What is the face value of the largest 20-year term policy she can buy without spending more than $300 ann…

Maria, age 28, wants to pay no more than $300 a year in life insurance. What is the face value of the largest 20-year term policy she can buy without spending more than $300 ann…
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5 votes
Maria, age 28, wants to pay no more than $300 a year in life insurance. What is the face value of the largest 20-year term policy she can buy without spending more than $300 annually?

asked
User Thodwris
by
7.9k points

2 Answers

3 votes
15$/year because 300/20=15
answered
User Evvon
by
8.2k points
2 votes

Answer:

B. $158,000

Explanation:

answered
User Michael Recachinas
by
8.2k points
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