lordofdragons073 lordofdragons073

06-10-2022
Mathematics

Answered

Howard Slater, age 44, an actor, expects his income to decline in future years. He decided to take out a 20-year payment life policy with a $90,000 coverage. What will be Howard’s annual premium? If he decides to stop paying premiums after 15 years, what will be his cash value? (Use Table 9.1) (Round your answers to the nearest cent.)

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