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Home Q & A Board Science-Related Homework Help Mathematics
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nikki1992 nikki1992
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A year ago
You just purchased a twenty-year term life insurance policy. For your premium payments, you can choose either beginning-of-month payments of $1,300 or beginning-of-year payments of $15,000. In current dollars, how much will you save during the twenty years by choosing the lower-cost option? Assume that money can earn 4.8% compounded monthly.

▸ $3,861.27

▸ $3,461.27

▸ $3,927.27

▸ $3,561.27

▸ $3,891.27
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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wellsarwellsar
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A year ago
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nikki1992 Author
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A year ago
Smart ... Thanks!
Katey_maree
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Yesterday
Good timing, thanks!
lubennick
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2 hours ago
Thanks for your help!!
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