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An insurer received a premium of $24,000 from a policyholder for a one-year insurance policy that becomes effective on April 1, 2020. For the insurer,

An insurer received a premium of $24,000 from a policyholder for a one-year insurance policy that becomes effective on April 1, 2020. For the insurer, what are the earned premiums for this policy in 2020?

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