Term insurance Assignment I
Annual Premiums per $1,000
of Life Insurance: 5-Year Term*
Age Male Female
18-30 $ 3.21 $ 2.77
35
$ 3.51 $ 2.98
40
$ 4.25 $ 3.47
45 $ 5.42 $ 4.60
50
$ 7.59 $ 6.27
55
$11.45 $ 8.58
60 $17.19 $12.62
Phil Davis is purchasing a $65,000, 5 year term insurance policy. He is 45 years
old. What is his annual premium?

answer: domain and range mean all possible values of x and y that could be substituted to the inequality. a solution means all possible values that make the inequality statement true. so while the range is still all real numbers, the solution is the shaded area, for which y will always be greater than the line of the function.

$655.61 which is option c

step-by-step explanation:

price of house =   $146,000

initial rate = 3.5%

mortgaged paid in this = 3.5 % of $146,000

                                        =

                                        =$5110

the total years would be = 7

total mortgaged paid = 7 * $5110

                                      =$35770

remaining money = $146000-35770

                                =$110230

new mortgaged payment = 5 % of 110230

                                            =  

                                            =$655.61

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