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19 Feb 2018
9. The premium on an insurance policy is $500 per quarter payable at the start of each quarter. If the policy holder wishes to pay two year's premiums in advance, how much (rounded up to the nearest dollar) should be paid provided that interest is 6% compounding quarterly ? (a) $3,743 (b) $3,800 (c) $3,300 (d) $3,662
9. The premium on an insurance policy is $500 per quarter payable at the start of each quarter. If the policy holder wishes to pay two year's premiums in advance, how much (rounded up to the nearest dollar) should be paid provided that interest is 6% compounding quarterly ? (a) $3,743 (b) $3,800 (c) $3,300 (d) $3,662
teacherrecoLv10
20 Apr 2022
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Nelly StrackeLv2
20 Feb 2018
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