Business Arithmetic

Cover Business Arithmetic
Business Arithmetic
C M Clarence Monroe Bookman
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13 67. 11 49. 16 32 24. 88 56. 63 35. 32 104. 29 67. 29 49. 37 33 25. 59 57. 66 36. 01 104. 46 67. 48 49. 60 34 26. 34 58. 73 36. 73 104. 64 67. 69 49. 85 35 27. 13 59. 85 37. 49 104. 84 67. 92 50. 12 36 27. 99 61. 00 38. 28 105. 05 68. 17 50. 42 37 28. 85 62. 19 39. 11 105. 28 68. 44 50. 75 38 29. 79 63. 43 39. 98 105. 53 68. 73 51. 11 39 30. 78 64. 71 40. 87 105. 80 69. 05 51. 51 40 31. 83 66. 03 41. 83 106. 09 69. 41 51. 95 The above is taken from the rate book of one of the large companies....
It is advisable to secure sample policies for examination of cash values, extended insurance, etc.
EXERCISES l. Find the annual cost of an ordinary whole-life policy for $3000 at the age of 25 yr.
According to the table the rate per $ 1000 at age 25 is $20. 88. On $3000 the premium (cost) is 3 x $20. 88, or $62. 64.
LIFE INSURANCE 191 2. What is the annual cost of a 10, 000 policy on the life of a man 30 yr. Of age on the ordinary whole-life plan ?
3. A man, age 33, insures for 15000 on the 15-year endow- ment plan.


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