Answer:
Her premium is $1058.50.
Step-by-step explanation:
Emily Webster purchased a 20 year endowment policy at age 27 with a face value of $25,000.
As per the table, we are clear that, we have to find Emily's annual premium.
Emily is 27 but we will take 24 (as given in table note number 4)
A 24 year old's rate is 42.34.
Table gives per $1000 face value.
In case of Emily, it is [tex]\frac{25000}{1000}=25[/tex]
So, we get the premium now as : [tex]25\times42.34=1058.50[/tex] dollars
Therefore, Emily's premium is $1058.50.
