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Home Q & A Board Science-Related Homework Help Mathematics
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nancy2457 nancy2457
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A year ago
The same disability insurance policy offers four alternative premium payment plans: 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, to the nearest 0.01%, is the insurance company charging clients who pay their premiums:


a) Semiannually?
b) Quarterly?
c) Monthly?
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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hmging94hmging94
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A year ago
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