You are 28-year-old healthy male and interested in purchasing life insurance. using the table, determine what the
annual premium for a whole life insurance police, given that the face value of the policy is $162,253. if need be, rou
your answer to the nearest cent.
permanent insurance
age
20-payment 20-year
whole life
life
endowment
male female male female male female
$16.38 $14.38 $28.40 $25.04 $37.02 $34.87
26 16.91 14.77 29.11 25.96 37.67 35.30
27 17.27 16.23 29.97 26.83 38.23 35.96
28 17.76 15.66 30.68 27.54 38.96 36.44
a $2,881.61
c. $6,321.38
b. $4.977.92
d. $6,438.20

see explanation

step-by-step explanation:

since the sequence is geometric there is a common ratio r between consecutive terms, that is

r = 4 ÷ - 2 = - 2

r = - 8 ÷ 4 = - 2

r = 16 ÷ 8 = - 2

the next term - 13 must be incorrect as it should be - 32 for the sequence to be geometric.

the first 4 terms are therefore geometric with common ratio r = - 2

no he doesnt because "-16' is negatiive

step-by-step explanation:

what's the question?

step-by-step explanation:

there is no question.

step-by-step explanation:

i found the life tables for the year 2012. 

life table of males at age 30. probability of dying between ages x and x+1

total population:  

29–30 . . . . . . . . . . . . 0.001030

30–31 . . . . . . . . . . . . 0.001061

males:  

29–30 . . . . . . . . . . . . 0.001420

30–31 . . . . . . . . . . . . 0.001448

white population

29–30 . . . . . . . . . . . . 0.001005

30–31 . . . . . . . . . . . . 0.001037

white males

29–30 . . . . . . . . . . . . 0.001372

30–31 . . . . . . . . . . . . 0.001399

non hispanic white population

29–30 . . . . . . . . . . . . 0.001083

30–31 . . . . . . . . . . . . 0.001116

non hispanic white males

29–30 . . . . . . . . . . . . 0.001477

30–31 . . . . . . . . . . . . 0.001503

jacob, non hispanic white male. 30 years old.

probability that jacob lives to be 30 years old. 

since the given probabilities are probabilities of dying, i think we simply subtract it from 1 to get the probability of living. we will use the probability of non hispanic white male.

                                          probability of living to be 30 y.o.

29 - 30 : 1 - 0.001477 = 0.998523

30 - 31 : 1 - 0.001503 = 0.998497