Answer:
Option A- $422.5
Step-by-step explanation:
Given : Wendy, a 32 year old female, bought a $130,000, 10-year life insurance policy.
To find : What is Wendy annual premium?
Solution :
In the table given,
Annual premium is per $1000 of coverage.
Wendy life insurance policy buy is $130,000
Annual premium per $1000 coverage Wendy buy at $130
From the table, (marked in the attached table below)
32 year old female 10 year cost is $3.25
Wendy's annual premium is [tex]3.25\times 130[/tex]
[tex]=\frac{325}{100}\times 130[/tex]
[tex]=422.5[/tex]
Wendy's annual premium is $422.5
Therefore, Option A is correct.
