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Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540 Exercise 30
Solve the following application problems.
20-PAY LIFE POLICY Luan Lee buys a $100,000, 20-pay life policy at age 45. Her son Bryan is the beneficiary and will collect the face value of the policy. (a) Find the annual premium. _____ (b) How much will Bryan get if his mother dies after making payments for 12 years? _____
20-PAY LIFE POLICY Luan Lee buys a $100,000, 20-pay life policy at age 45. Her son Bryan is the beneficiary and will collect the face value of the policy. (a) Find the annual premium. _____ (b) How much will Bryan get if his mother dies after making payments for 12 years? _____
Explanation
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Suppose that Jessica is a female.
Sinc...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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