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## I need help on this math problem, the teacher doesn't even know how to do it?

### I need help on this math problem, the teacher doesn't even know how to do it?

Suppose that the probability that a person will die in the next 20 years is 7.2493%. If this person has a life insurance policy that will pay out \$50,000 to the beneficiaries of the policy if the person dies in the next 20 years, what is the premium of the policy? Assume that the administrative costs of the policy amount to \$55.

A. \$4124.65
B. \$25,000
C. \$4536.30
D. \$3679.65

Posts: 413
Joined: Fri Apr 01, 2011 11:52 am

### I need help on this math problem, the teacher doesn't even know how to do it?

Idk
Just guess or try
lakeland

Posts: 489
Joined: Thu Mar 31, 2011 4:03 am

### I need help on this math problem, the teacher doesn't even know how to do it?

doesn't make sense.
willaburh

Posts: 383
Joined: Sat Apr 02, 2011 8:16 am