Johan took out a 10-year term policy with a face value of x dollars. Over the lifetime

Question:

Johan took out a 10-year term policy with a of x dollars. Over the lifetime of the policy, he pays monthly payments of m dollars. He dies after making payments for 3 1 1 / 4 years.
a. How many payments did he make?
b. Express the total he paid for the policy algebraically.
c. How much will his beneficiary receive from the insurance company?
Face Value
Face value is a financial term used to describe the nominal or dollar value of a security, as stated by its issuer. For stocks, the face value is the original cost of the stock, as listed on the certificate. For bonds, it is the amount paid to the...