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Melly767 Melly767
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10 months ago
Rino has just purchased a five-year term life insurance policy. For his premium payments, Rino can choose either beginning-of-month payments of $38.50 or beginning-of-year payments of $455. In current dollars, how much will Rino save during the five years by choosing the lower-cost option? Assume that money can earn 4.8% compounded monthly.
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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onidonid
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Melly767 Author
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10 months ago
this is exactly what I needed
jaray75
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Yesterday
Helped a lot
IvanaVR
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2 hours ago
Thank you, thank you, thank you!
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