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(20 POINTS) 1 HOUR TO ANSWER PLEASE HELP.
The following table gives annual life insurance premiums per $1,000 of face value. Use the table to determine the face value of a 5-year term insurance policy on a 21-year-old male given that the annual premium for the insurance policy is $282.03. If need be, round your answer to the nearest cent.

a.
$110,600.00
c.
$116,061.73
b.
$113,265.06
d.
$119,000.00

20 POINTS 1 HOUR TO ANSWER PLEASE HELP The following table gives annual life insurance premiums per 1000 of face value Use the table to determine the face value class=

Respuesta :

samaribeauford
B!!! Hope this helped!!
chilljain33

The face value of the insurance policy for a 21-year-old male for a period of 5 years will be $113,265.06. Hence, option B holds true.

What is an insurance policy?

A life insurance policy is a type of insurance, which covers an amount to an individual in case of happenings of events against which an insurance has been taken.

The calculation of the face value of the insurance policy will be such that,

Insurance Premium / Insurance Premium per $1000 of face value = $113.265.

Now, the face value of the insurance policy will be,

Insurance Premium x 1000

113.265 × 1000 = $113,265

Hence, option B holds true regarding the insurance policy.

Learn more about insurance policy here:

https://brainly.com/question/17479291

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