Find the Indicated Premium

question 11

Multiple Choice

Find the indicated premium. Round to the nearest cent.
-Tom Crenna buys a whole life policy at age 25. The policy has a face value of $55,000. Find the annual premium.

• A)$223.85
• B)$281.05
• C)$141.93
• D)$278.30

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Definitions:

Social Problems

Issues within a society that are recognized as conditions detrimental to its citizens and are often the focus of social reform or change efforts.

Emotional Problems

Issues or disorders related to the management and expression of emotions, impacting a person's mental health and wellbeing.

Middle Childhood

A developmental phase from around age 6 to 12, characterized by physical, cognitive, and social growth, and an increasing capacity for self-regulation.

Teacher Expectations

The beliefs or preconceived notions educators hold about their students' abilities and potentials, which can significantly influence student outcomes and performance.