a.
$1,825
b.
$1,294
c.
$1,929
d.
$1,643
i just did it and its D
1643 is the annual premium for the cheapest policy Jeremy can buy.
The amount of money a business or an individual pays for a policy annually is called the annual premium.
Face value is the amount of benefits in the form of money or other beneficiaries a policy holder receives at maturity.
Age of Jeremy = 29
Face value of the policy = $90,000
Estimated annual premium = (Face value ÷ 1000) × rate
Annual premium payable for a man whole life = (90,000 ÷ 1000) × 18.25
= 90 × 18.25
= 1642.5 ≅ 1643
Hence, Annual premium for the cheapest policy having a 90,000 face value that Jeremy can buy is $1643.
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Answer:
Step-by-step explanation:
D