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The premium on a health insurance policy can be paid either yearly or monthly in advance. If the annual premium is $3,450, what monthly premium

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The premium on a health insurance policy can be paid either yearly or monthly in advance. If the annual premium is $3,450, what monthly premium would be equivalent at 6% p.a. compounded monthly? $321.52 $296.93 $279.68 $295.45 $287.50

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