Dad bought $200,000 of term life insurance at the rate of $5.40 per thousand-dollar unit. how much is the annual premium?

$1080 annual

Step-by-step explanation:

200(# of thousands) x 5.4

1080

or

step-by-step explanation:

we need to solve for 'x' the following equation:  

we have that:

⇒

⇒ ⇒

factorizing, we get that:

  ⇒

then, the solutions are: or

nothing extraneous has been found!