Inflation and Purchasing Power — Test Answers

Your mother, at the age of 35, purchased a 20-Year Endowment insurance policy with a face value of $65,342. The permanent insurance amount for a 20-Year Endowment insurance policy for a healthy 40-year-old female is $37.10. Your mother decided to terminate the policy at the age of 50. Use the following table to determine the cash value of the policy upon cancellation.

A password is 4 characters long and must consist of 3 letters and 1 of 10 special characters. If letters can be repeated and the special character is at the end of the password, how many possibilities are there?

The following table gives annual life insurance premiums per $1,000 of face value. Use the table to determine the face value of a 10-year term insurance policy on a 25-year-old female given that the annual premium for the insurance policy is $384.59. If need be, round your answer to the nearest cent.

How many four-digit personal identification numbers (PIN) are possible if the PIN cannot begin or end with a 0 and the PIN must be an even number?

Cesar’s annual homeowners insurance premium is $972.80. If his home is valued at $253,000, roughly how much is Cesar paying for homeowners insurance?