Maria, age 28, wants to pay no more than $300 a year in life insurance. What is the face value of the largest 20-year term policy she can buy without spending more than $300 annually? a. $234,000 b. $158,000 c. $11,000 d. $567,000 Please select the best answer from the choices provided A B C D

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Answer:

correct answer is b

Explanation:

The face value of the largest 20-year term policy that she can buy without spending more than $300 annually is $158,000.

Face value simply means the financial term that's used in describing the dollar value of a security. For bonds, it's the amount that's paid to the holder at maturity.

From the complete question, it should be noted that the face value of the largest 20-year term policy that she can buy without spending more than $300 annually will be $158,000.

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