Post Utme Mountain Top University 2021 Commerce Question 41
Practice objective / multiple choice question 41 from the 2021 Post Utme Mountain Top University Commerce examination.
A firm is considering two different types of insurance policies: term life insurance and whole life insurance. The term life insurance policy costs ₦75,000 per year and provides a death benefit of ₦1,500,000. The whole life insurance policy costs ₦150,000 per year and provides a death benefit of ₦3,000,000. 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 41. It is one of the objective questions from the 2021 Post Utme Mountain Top University Commerce examination.
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