An insured 25 year old purchased a $30,00 . straight-life policy with annual premiums. Four years later she needed the maximum loan available on the policy. How much more had the insured paid in premiums than she could borrow on the policy?

$1,404
(17.20 × 30 × 4 × 1) - (22 × 30)

Business

You might also like to view...

IaaS helps provide faster information, but provides information only to managers in an organization

Indicate whether the statement is true or false

Business

In the general division of labor between database applications and the DBMS, the application program determines which tables need to be modified

Indicate whether the statement is true or false

Business