Calculate the Annual, Semiannual, Quarterly, and Monthly Premiums for the Following

question 12

Short Answer

Calculate the annual, semiannual, quarterly, and monthly premiums for the following life insurance policy, rounding to the nearest cent. $\begin{array}{c}\begin{array}{lll}\text {Face}\\\text {Value of}\\\underline{\text {Policy}}\\\$ 20,000 \\\\\end{array}\begin{array}{lll}\text {Sex and }\\\text {Age of }\\\text {\underline{Insured}}\\\text { Male-24}\\\\\end{array}\begin{array}{lll}\\\text{ Type of}\\\text {\underline{Policy}}\\\text {20-Year}\\\text{ Endowment}\end{array}\begin{array}{lll}\text {Annual }\\\text {\underline{Premium }}\\\\\end{array}\begin{array}{lll}\text {Semiannual }\\\text {\underline{Premium }}\\\\ \end{array}\begin{array}{lll}\text {Quarterly }\\\text {\underline{Premium }}\\\\ \end{array}\begin{array}{lll}\text { Monthly }\\\text {\underline{Premium }}\\\\ \end{array} \end{array}$

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