The premiums on an insurance policy are $80 every six months,payable at the beginning of each six-month period.If the policy holder wishes to pay 1 year's premiums in advance,how much should be paid provided that the interest rate is 4.3% compounded semiannually?

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The Answer of The premiums on an insurance policy are $80 every six months,payable at the beginning of each six-month period.If the policy holder wishes to pay 1 year's premiums in advance,how much should be paid provided that the interest rate is 4.3% compounded semiannually?

The Premiums on an Insurance Policy Are $80 Every Six