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Suppose a Life Insurance Policy Costs $20 for the First

Question 96

Multiple Choice

Suppose a life insurance policy costs $20 for the first unit of coverage and then $5 for each additional unit of coverage. Let C(x) be the cost for insurance of x units of coverage. What will 10 units of coverage cost?


A) $65
B) $30
C) $50
D) $70

Correct Answer:

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