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nakungth nakungth
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6 years ago
Refer to Scenario 15.5.  What formula shows the present value of the amount Catherine would save on life insurance premiums over her lifetime by stopping smoking?
A) $700 times 60
B) $700 (1 + 1/1.03 + 1/1.032 + 1/1.033 + ... + 1/1.0360)
C) $700 (1 + 1/1.03 + 1/1.032 + 1/1.033 + ... + 1/1.0380)
D) $42,000 / (1 + 1.03 + 1.032 + ... + 1.0360)
E) $42,000 / (1 + 1.03 + 1.032 + ... + 1.0380)
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Microeconomics

Microeconomics


Edition: 8th
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Bart_argBart_arg
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nakungth Author
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5 years ago
Thank you!
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