Earl is 50 years old and is buying $ 70,000 of life insurance for an annual premium of $ 739.05 . If he pays each annual premium in 12 equal installments, how much is each monthly payment? Round your answer to the nearest cent.
A) $ 61.48
B) $ 61.58
C) $ 61.59
D) $ 5834.43
E) $ 5833.33
Correct Answer:
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