Find the indicated premium. Round to the nearest cent.
SLM Instruments wants to protect itself in case of the death of its founder and head. It buys a renewable term policy on the executive with a face value of $115,000. The founder and head is a 35 year old woman. Find the quarterly premium.
A. $101.96
B. $31.01
C. $88.80
D. $200.00
Answer: C
Mathematics
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