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Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454 Exercise 46
Leroy Kirk is 35 years old and is interested in purchasing a 20-year endowment insurance policy with a face value of $120,000.
a. Calculate the annual premium for this policy.
b. Calculate the semiannual premium.
a. Calculate the annual premium for this policy.
b. Calculate the semiannual premium.
Explanation
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a). From the table of insurance policy,...
Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
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