You have just spoken to your insurance agent and you are interested in investing in a 20-payment life insurance policy. given that you are a 25-year-old healthy female, determine the annual premium for a policy with a face value of $55,000.use the table provided below and round your answer to the nearest cent where necessary.

a.
$1,377.20
c.
$1,427.80
b.
$790.90
d.
$1,475.65

a.  $1,377.20

Step-by-step explanation:

To determine the annual premium for the policy, you have to divide the face value by 1,000:

$55,000/1,000= $55

Then, you have to multiply this result for the rate found on the table, which according to the information given is $25.04:

$55*$25.04= $1,377.20

The annual premium for the policy is $1,377.20.

yes the data was not prsented

step-by-step explanation: