For every insurance policy Mr. Lorenzo sold, he receives 20% of the first payment of his...

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For every insurance policy Mr. Lorenzo sold, he receives 20% of the first payment of his customer, and 8.5% of the second and third payments. If the annual payment on a transacted policy is 124,000, how much income will he receive from this transaction? For every insurance policy Mr. Lorenzo sold, he receives 20% of the first payment of his customer, and 8.5% of the second and third payments. If the annual payment on a transacted policy is 124,000, how much income will he receive from this transaction?

Answer rating: 100% (QA)

If there is any doubt feel free to ask Guven the first payement of customer s 1... View the full answer