Marwan, aged 30, male, purchased an insurance policy from National Life Insurance with a face value of 15,000 RO. The annual premium for five year fixed rate policy is: Rate table Five year Fixed rate Straight Life Age Male Female Age Male Female 20 1.57 1.27 20 5.90 4.24 25 1.65 1.33 25 7.13 6.35 30 1.87 1.56 30 8.85 7.75 35 2.23 1.76 35 11.26 9.71 40 3.52 2.44 40 14.54 12.46 O a. RO 132.75 O b. RO 116.25 O c. RO 28.05 O d. RO 23.4
Marwan, aged 30, male, purchased an insurance policy from National Life Insurance with a face value of 15,000 RO. The annual premium for five year fixed rate policy is: Rate table Five year Fixed rate Straight Life Age Male Female Age Male Female 20 1.57 1.27 20 5.90 4.24 25 1.65 1.33 25 7.13 6.35 30 1.87 1.56 30 8.85 7.75 35 2.23 1.76 35 11.26 9.71 40 3.52 2.44 40 14.54 12.46 O a. RO 132.75 O b. RO 116.25 O c. RO 28.05 O d. RO 23.4
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 4P
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