Find the Indicated Premium

question 60

Multiple Choice

Find the indicated premium. Round to the nearest cent.
-Find the semiannual premium.
Face Value: $70,000
Age of Insured: 40
Sex of Insured: M
Type of Policy: 20-pay life

• A)$452.32
• B)$866.08
• C)$1,698.20
• D)$771.12

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Definitions:

Government-Wide Financial Statements

Comprehensive financial reports that present the financial position and results of operations of all governmental activities and entities.

Debt Service Fund

A fund established to account for the accumulation of resources for, and the payment of, long-term debt principal and interest.

General Fund

The primary operating fund of a government, financing a variety of its general activities and services.

Governmental Fund Financial Statements

These are financial reports that detail the financial position and results of operations of governmental funds, focusing on the sources, uses, and balances of expendable financial resources.