Huberto's whole life policy has an annual premium of $2,550 and the following modal factors: monthly 0.89
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Question:
Huberto's whole life policy has an annual premium of $2,550 and the following modal factors: monthly 0.89
quarterly 0.29
semi-annual 0.52
How much money would Huberto save each year if he pays his premiums on an annual rather than quarterly basis?
a)$0
b)$102.00
c)$408.00
d)$739.50
Related Book For
Probability and Statistics for Engineers and Scientists
ISBN: 978-0495107576
3rd edition
Authors: Anthony Hayter
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