At 35 the insurance is going to cost Bernard 24 dollars.
Given the table that was presented in this question,
The 35 year old has 0.14% to pay
The premium is 1000 per dollar
115000/1000 = 115
A 35 year old that is without health issues is to pay 1.4 dollars.
115*1.4 = 161 dollars
Bernard is to pay 15% more
1+0.15 = 1.15
1.15*161 = 185.15
Then the amount that Bernard has to pay would be
185.15-161 = 24.15
This is approximately 24 dollars.
Therefore at 35 the insurance is going to cost Bernard 24 dollars.
These are payments that usually covers the whole or some parts of a person's medical expenses.
Complete question:
Because Bernard has some health issues, he must pay 15% more for life insurance. About how much more annually will a $115,000 10-year term insurance at age 35 cost Bernard than someone of the same age without health issues? A 3-column table with 3 rows. Column 1 is labeled age with entries 35, 40, 45. Column 2 is labeled 10-year term, male, with entries 1. 40, 1. 64, 2. 7. Column 3 is labeled 10-year term, female, with entries 1. 36, 1. 59, 2. 1. A. $161 b. $185 c. $1,073 d. $24 Please select the best answer from the choices provided A B C D.
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