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Huberto's whole lifepolicy has an annual premium of $2,550 and the following modal factors: monthly 0.89 quarterly 0.29 semi-annual 0.52 How much money would Huberto

Huberto's whole lifepolicy has an annual premium of $2,550 and the following modal factors:

  • monthly 0.89
  • quarterly 0.29
  • semi-annual 0.52

How much money would Huberto save each year if he pays his premiums on an annual rather than quarterly basis?

a)$0

b)$102.00

c)$408.00

d)$739.50

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