Question
you buy a 100000 life insurance policy which requires an annual premium of 420 or a monthly premium of 37. in either case there premium
you buy a 100000 life insurance policy which requires an annual premium of 420 or a monthly premium of 37. in either case there premium is payable at the beginning of the period of coverage, what is effective rate of interest you will pay , if you choose the monthly payment plan?
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Financial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
7th Edition
978-0470477151, 978-0-470-5562, 470556242, 0-470-55624-2, 9780470556245, 978-0470507018
