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An insurance company collects premiums from policyholders. Determine the unearned premium revenue as of April 30th, considering the following: Annual premium per policy: $1,200 Policies

An insurance company collects premiums from policyholders. Determine the unearned premium revenue as of April 30th, considering the following:

Annual premium per policy: $1,200
Policies in force at the end of April: 200
Policy term: 12 months

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