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Title: Li buys a $100 000 life insurance policy, which requires an annual premium of $420 or a monthly ... Post by: gewusel on Nov 27, 2017 Li buys a $100 000 life insurance policy, which requires an annual premium of $420 or a monthly premium of $37. In either case, the premium is payable at the beginning of the period of coverage. What is the effective rate of interest Li pays, if he chooses monthly payment plan?
A) 10.89% B) 13.04% C) 10.39% D) 1.09% E) 5.7% Title: Re: Li buys a $100 000 life insurance policy, which requires an annual premium of $420 or a monthly ... Post by: Supreme on Nov 27, 2017 Content hidden
Title: Re: Li buys a $100 000 life insurance policy, which requires an annual premium of $420 or a monthly ... Post by: Yuxuan Yan on Nov 30, 2020 thank you
Title: Re: Li buys a $100 000 life insurance policy, which requires an annual premium of $420 or a monthly ... Post by: Abdullah Khasawneh on Dec 7, 2021 thank you
Title: BFSF: Li buys a $100 000 life insurance policy, which requires an annual premium of $420 or a monthly ... Post by: dan ch on Oct 16, 2023 Help! The answer is missing an explanation...
Title: Re: Li buys a $100 000 life insurance policy, which requires an annual premium of $420 or a monthly Post by: bio_man on Oct 16, 2023 I think it goes something like this:
(https://biology-forums.com/gallery/qpics/6_16_10_23_11_56_11.png) https://www.youtube.com/watch?v=epPnRFK-oo8 Title: BFSF: Li buys a $100 000 life insurance policy, which requires an annual premium of $420 or a monthly ... Post by: dan ch on Oct 17, 2023 Help! The answer is missing an explanation...
Title: Re: Li buys a $100 000 life insurance policy, which requires an annual premium of $420 or a monthly ... Post by: bio_man on Oct 17, 2023 Help! The answer is missing an explanation... Did my response help?? |