How much less would a 23 year old female pay for a $25,000 policy of 20 year life insurance (@ $2.90 per $1000) than straight life (@ $15.78 per $1000)?

$662.30

$644.00

$322.00

$585.32

Third Option is correct.

Step-by-step explanation:

Since we have given that

Amount for policy = $25000

If she opt for 20 year life insurance @ $2.90 per $1000.

so, her amount of premium becomes

If she opt for straight life insurance @ $15.78 per $1000,

Then, her amount of premium becomes

Difference between them is given by

Hence, Third Option is correct.

maybe showing the graph would

step-by-step explanation:

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