Answer:
total annual cost = $682.50
Step-by-step explanation:
given data
Stefan age = 36 year
bought amount = $150,000
policy time period = 10 year
solution
we get here Stefan’s annual premium so here
policy for 10 year cost = $4.55 per thousand dollars
as given in attachment data
total amount of thousands of coverage will be
amount of thousands of coverage = [tex]\frac{150,000}{1,000}[/tex] = 150
and
total annual cost = 150 × $4.55
total annual cost = $682.50
