Mathematics
Mathematics, 19.03.2021 19:00, whitakers87

Cameron had a 30 year term life insurance policy for $325,000 coverage that he paid $18.20 for each month unfortunately he let the policy expire due to missed payments. He is now 40 years old and would like to purchase a new policy if he wants his premium to remain at the same rate as before how much coverage can Cameron get at that price and what was the percentage of coverage loss? Explain the steps used in your calculations along with the answers to the question, rounding the coverage to the nearest dollar if necessary. Answer in complete sentences.

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Cameron had a 30 year term life insurance policy for $325,000 coverage that he paid $18.20 for each...

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