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Tom Hornet purchases $7,000 of ten-year term life. He is 31 years old What is his annual premium? What is his quarterly premium? The difference between the two payment options? (Remember to compare annual
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Mar 17, 2019
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Tom Hornet purchases $7,000 of ten-year term life. He is 31 years old
What is his annual premium?
What is his quarterly premium?
The difference between the two payment options?
(Remember to compare annual premium to annual premium!) :
Mathematics
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Andrej Sramko
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Answer:I can confirm 35.49, 9.23, 1.43
Explanation:
Colin Sygiel
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Mar 18, 2019
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The annual premium is 5.07 x 7 =
35.49
The quarterly premium is 35.49 x .26 =
9.23
And the difference between the two payment options is
1.43
(Use the table in the question, it has all the information you need).
William Lepinski
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Mar 23, 2019
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William Lepinski
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