The same disability insurance policy offers four alternative premium payment plAnswer: an annual premium of $666.96, semiannual premiums of $341.32, quarterly premiums of $173.62, and monthly premiums of $58.85. In every case, the premiums are payable in advance. What effective rate of interest is the insurance company charging clients who pay their premiums:
a) Semiannually?
b) Quarterly?
c) Monthly?

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The Answer of The same disability insurance policy offers four alternative premium payment plAnswer: an annual premium of $666.96, semiannual premiums of $341.32, quarterly premiums of $173.62, and monthly premiums of $58.85. In every case, the premiums are payable in advance. What effective rate of interest is the insurance company charging clients who pay their premiums:
a) Semiannually?
b) Quarterly?
c) Monthly?

The Same Disability Insurance Policy Offers Four Alternative Premium Payment