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) Don wants to purchase a car insurance plan. He can choose to pay the premium monthly or annually. The monthly premium is $95 payable

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) Don wants to purchase a car insurance plan. He can choose to pay the premium monthly or annually. The monthly premium is $95 payable at the beginning of each month. The interest rate is 7.2% p.a. compounded monthly. How much would be the annual premium payable at the beginning of each year? Round you

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