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Term Life Insurance policy requires premium payments of $63 at the beginning of every month. Using a rate of 15% compounded monthly, the present value

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Term Life Insurance policy requires premium payments of $63 at the beginning of every month. Using a rate of 15% compounded monthly, the present value of the stream of payments is $4,250. What is the term of the policy? 9 years 15 years O 3 years 12 years 6 years

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