1. Find the cost of a $95,000 endowment policy that has a 10-year term for a 57-year-old woman.
2. What would be the annual premium for a $150,000 endowment policy for 7 years for a 68-year-old man?
3. If an annual premium of a policy is $5,500 and the insurance company charges 8% to allow the insured to pay every 3 months, how much will each payment be?