Jeremy is 29 years old and in good health. what is the annual premium for the cheapest policy having a $90,000 face value that jeremy can buy? for age 29, a male whole life if 18.25, 20-payment life is 31.39, and 20-year endowment is 39.69. a. $1,825 b. $1,294 c. $1,929 d. $1,643

answer is d

step-by-step explanation: there are several information's already given in the question. based on those information's, the answer to the question can be easily deduced.

age of jeremy = 29 years

face value of policy = $9

annual premium payable =$16.91 per $1000 of the face value.

then

9/1000 = 90

then

annual premium payable = 16.91 * 90

                                          = 1521.90 dollars

i hope the procedure is clear enough for you to understand

step-by-step explanation:

the original amount doesn't ''re just looking for the time it takes for 1/2 of the substance to we have

(1/2) =)     take the ln   of both sides

ln (1/2)   = )   and we can write

ln(1/2) = ) lne     and lne   = 1     so we have

ln(1/2) = -.1092t     divide both sides by -.1092

t = ln(1/2)/-.1092 = about 6.347 days = about 6.3 days (rounded)