3
QuizMultiple Choice

Life Insurance

Question 3 • Financial Math - MA2007

Maria, age 28, wants to pay no more than $300 a year in life insurance. What is the face value of the largest 20-year term policy she can buy without spending more than $300 annually? a. $234,000 b. $158,000 c. $11,000 d. $567,000 Please select the best answer from the choices provided

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Answer
A
A
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B
C
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