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Jacinda purchases $250,000 of life insurance at the rate of $5.50 per thousand. Using the formula Premium = Rate Exposure Units, what is Jacinda's annual

Jacinda purchases $250,000 of life insurance at the rate of $5.50 per thousand. Using the formula Premium = Rate Exposure Units, what is Jacinda's annual premium? Question 30 options: 1) $1,375 2) $13.75 3) $13,750 4) $137.50

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