Final answer:
To calculate Jacob's commission for selling a life insurance policy, multiply the total amount of the policy by the commission rate. Jacob earns a commission of $13,120 by selling a $410,000 life insurance policy at a 3.2% commission rate.
Step-by-step explanation:
The question concerns calculating the commission earned by Jacob from the sale of a life insurance policy, which is a basic percentage calculation in mathematics. To find out Jacob's commission, we need to calculate 3.2% of the total amount of the policy which is $410,000.
The formula to calculate the commission is:
Commission = Sale Amount × Commission Rate
Therefore, Jacob's commission for selling a $410,000 life insurance policy at a rate of 3.2% is:
Commission = $410,000 × 0.032 = $13,120
So, Jacob's commission is $13,120.