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Sherita, age 37, wants to pay no more than $750 a year in life insurance. If the annual life insurance premium rate (per $1000 of face value) is $3.96, what is the largest 15-year term policy she can buy without spending more than $750 annually? a. $189,000 b. $109,890 c. $203,252

asked
User Stldoug
by
7.7k points

2 Answers

4 votes

Answer: A or 189000

Explanation:

answered
User Marchy
by
8.5k points
4 votes

Answer:

the answer is 189,000

answered
User Derrick Turk
by
8.3k points
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