52
QuizMultiple Choice
Topic Test
Question 52 • 26-27 Ignite Financial Literacy Personal Finance - EL3403
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?
Answer
A
$234,000B
$158,000C
$11,000D
$567,000