You have been quoted a premium of $1420 per year for $102200 in term life insurance,...
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You have been quoted a premium of $1420 per year for $102200 in term life insurance, with the premium fixed for 20 years, and a premium of $4725 per year for a permanent life insurance policy with an equivalent face value. If you decided to implement the "buy term insurance and invest the difference" strategy, how much will you accumulate after 20 years at a 6% APY? $184241 $168216 $128871 $148376 You have been quoted a premium of $1420 per year for $102200 in term life insurance, with the premium fixed for 20 years, and a premium of $4725 per year for a permanent life insurance policy with an equivalent face value. If you decided to implement the "buy term insurance and invest the difference" strategy, how much will you accumulate after 20 years at a 6% APY? $184241 $168216 $128871 $148376
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Difference to invest 4725 1420 3305 Future value Fo... View the full answer
Related Book For
A Concise Introduction to Logic
ISBN: 978-1305958098
13th edition
Authors: Patrick J. Hurley, Lori Watson
Posted Date:
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