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qid 555 · business

Question: Compare the costs of a $5,000 20-year endowment policy with a $5,000 20-year limited payment policy if each were to be purchased at age 45.

  1. $182.45
  2. $125.75
  3. $233.35
  4. $300.20
  5. $160.65
  6. $99.99
  7. $46.67
  8. $210.10
  9. $75.50
  10. $50.90

Our answer: J. $50.90 Source quote machine-checked (at mint)

A machine check confirms the quoted words appear at the source. A person has not yet reviewed these. EARN MARKS as a Human Reviewer

How it was answered

Stored formula / worked method, replayed by code

Life insurance premium comparison from a printed annual-premium rate table: 20-year endowment vs 20-payment (limited payment) life, same face, same issue age

card: formula · card sha256 960046d3325dc5b5…

Current source

archive.org businessaccounti0000unse and businessaccounti0000unse_l0m0: The Business, Accounting & Finance Problem Solver: a complete solution guide to any textbook, Research and Education Association, Piscataway NJ, 2000, ISBN 0878915168, LIFE INSURANCE chapter, PROBLEM 3-9. The book's own words (OCR as returned by https://be-api.us.archive.org/fts/v1/search): 'PROBLEM 3-9 Compare the costs of a $5,000 20-year endowment policy with a $5,000 20-year limited payment policy if each were to be purchased at age 45. Solution: Consulting the table ... a 20-year endowment policy, purchased at age 45 ...

Source weak (isbn)

retrieved 2026-09-16T22:14:06.748Z

addendum formula_qid555.formula_ADDENDUM_source · sha256 47afb3e11d306774…

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