Problema Solution
Mary paid $39.00 per month for life insurance for over thirty years. After 32 years, she wants to collect on the policy. How much does she receive in collecting on the insurance policy?
Answer provided by our tutors
32 years = 32*12 months = 384 months
she paid $39.00 per month or 39*384 = $14,976.00 for 384 months
she will receive $14,976.00.