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.
Term Insurance
5-Year Term
10-Year Term
Age
Male
Female Male Female
$2.43
$2.07
20
21
22
2.49
2.55
2.15
2.22
$4.49
4.57
4.64
4.70
4.79
4.85
$4.20
4.29
4.36
4.42
4.47
4.51
2.62
23
24
25
2.69
2.77
2.30
2.37
2.45
a. $80,290.19
b. $86,038.03
C. $85,274.94
d. $79,296.69