Top Posters
Since Sunday
6
y
2
m
2
m
2
u
2
m
2
B
2
M
2
e
2
k
2
N
2
y
2
Home Q & A Board Science-Related Homework Help Mathematics
New Topic  
cng cng
wrote...
Go to Answer
Posts: 168
Rep: 0 0
A year ago
A $500,000 life insurance policy for a 26-year-old offers four alternative premium payment plan: an annual premium of $470.00, semiannual premiums of $241.50, quarterly premiums of $123.37, and monthly premiums of $42.30. 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
Authors:
Read 77 times
1 Reply
Replies
Answer verified by a subject expert
jmoline2jmoline2
wrote...
#1
Posts: 147
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

cng Author
wrote...

A year ago
Smart ... Thanks!
sadiewolf
wrote...

Yesterday
Brilliant ツ
deathDoUsPart
wrote...

2 hours ago
This calls for a celebration Person Raising Both Hands in Celebration
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  628 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 2555
  
 419
  
 318
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 486
Previous poll results: What percentage of nature vs. nurture dictates human intelligence?