Post Utme Mountain Top University 2021 Commerce Question 36
Practice objective / multiple choice question 36 from the 2021 Post Utme Mountain Top University Commerce examination.
A company is considering two different types of insurance policies: term life insurance and whole life insurance. The term life insurance policy costs ₦50,000 per year and provides a death benefit of ₦1,000,000. The whole life insurance policy costs ₦100,000 per year and provides a death benefit of ₦2,000,000. What is the difference in cost between the two policies over a 10-year period?
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About This Question
This is Post Utme Mountain Top University 2021 Commerce Question 36. It is one of the objective questions from the 2021 Post Utme Mountain Top University Commerce examination.
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