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1. Find the cost of a $95,000 endowment policy that has a 10-year term for a 57-year-old woman.

2. What would be the annual premium for a $150,000 endowment policy for 7 years for a 68-year-old man?

3. If an annual premium of a policy is $5,500 and the insurance company charges 8% to allow the insured to pay every 3 months, how much will each payment be?

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92061636

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