At Age 40, Janice Has Decided to Purchase a 20-Payment

question 9

Multiple Choice

At age 40, Janice has decided to purchase a 20-payment life insurance policy with a face value of $390,000. Use Tables 19-1 and 19-2 from your text to calculate her quarterly premium. (Round your answer to the nearest cent)

• A) $3,587.16
• B) $10,258.30
• C) $3679.81
• D) $9,524.10

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Definitions:

Punctuated Equilibrium

A hypothesis that new organisms or new characteristics of an existing organism appear rather suddenly in geologic terms instead of evolving gradually.

Fossil Record

The totality of fossilized plants and animals found in the earth's crust, providing evidence of past life forms.

Evolution

The observed changes in the fossil record or in living organisms; also used to refer to theories that help explain the observed changes.

Observed Changes

Variations or alterations that have been directly seen or measured in a particular system or environment.