Question: The formula given for using Table 19 - 1 is Annual premium = face value/ $1,000 ( rate. Is the formula Annual premium = face
Annual premium = face value/ $1,000 ( rate.
Is the formula
Annual premium = face value ( rate/$1,000
Equivalent? Way or way not?
Step by Step Solution
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Yes Both formulas involve one multiplication and one division by 100... View full answer
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