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John's whole life insurance policy has an annual premium of $2,550. He decides to pay his premiums on a quarterly basis. The modal factor is

John's whole life insurance policy has an annual premium of $2,550. He decides to pay his premiums on a quarterly basis. The modal factor is 0.29.Which of the following is John's annualized premium?

a)$637.50

b)$739.50

c)$2,550

d)$2,958

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