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13 January, 03:49

Adam Smith is thirty-seven. He is purchasing twenty-year endowment insurance, with a face value of $25,000. What is his annual premium?

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  1. 13 January, 04:18
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    The average endowment for a male that is aged 37, has usually have an initial amount of annual premium that is $44.19/$1000.

    The solution of this answer is : $44.19 x 25 = $1,104.75 is his annual annual premium that Adam will get.
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