Business
Business, 24.11.2021 14:00, Deascry

After getting married, Joe, 32, and Melinda, 29, decide to take out life insurance policies. Joe would like a 15-year term policy and Melinda would like a 20-year term policy. They each want a $300,000 policy. How much can Joe and Melinda expect to pay in premiums the first year? For age 32, a male 15-year term policy is 3. 32 and 20-year term is 5. 45. For age 29, a female 15-year term is 2. 58 and 20-year term is 4. 96. A. $2,478 b. $2,484 c. $1,488 d. $2,409.

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