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Home Q & A Board Science-Related Homework Help Mathematics
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samestepp samestepp
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Table 12-1 and Table 12-2

nar001-1.jpg


An insured 27 year old purchased a $60,000, 20-year endowment policy with premiums payable annually. How much more did the insured pay the insurance company in premiums during his lifetime than he would have paid had he chosen a 20-payment life policy for the same amount and with annual premiums? Refer to Table 12-1. (1 year = 12 months.)
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Contemporary Business Mathematics for Colleges

Contemporary Business Mathematics for Colleges


Edition: 16th
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xuelixueli
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