Answer:
To calculate the premiums if paid monthly, we can divide the annual premium by 12. To calculate the premiums if paid quarterly, we can divide the annual premium by 4. To calculate the premiums if paid semi-annually, we can divide the annual premium by 2.
a. Monthly premium = $486.79 / 12 = $40.57
Quarterly premium = $486.79 / 4 = $121.70
Semi-annual premium = $486.79 / 2 = $243.40
b. Monthly premium = $612.34 / 12 = $51.03
Quarterly premium = $612.34 / 4 = $153.08
Semi-annual premium = $612.34 / 2 = $306.17
c. Monthly premium = $986.38 / 12 = $82.20
Quarterly premium = $986.38 / 4 = $246.60
Semi-annual premium = $986.38 / 2 = $493.19
d. Monthly premium = $424.99 / 12 = $35.42
Quarterly premium = $424.99 / 4 = $106.25
Semi-annual premium = $424.99 / 2 = $212.50
e. Monthly premium = $792.56 / 12 = $66.05
Quarterly premium = $792.56 / 4 = $198.14
Semi-annual premium = $792.56 / 2 = $396.28
Therefore, the premiums if paid monthly, quarterly, and semi-annually are calculated for each given annual premium.
Explanation: