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James Harmon is twenty-five when he takes out $40,000 of twenty-payment life insurance.
How much is his annual premium?Annual premium = $ 871.60212.7070.9076.57221.21850.80425.40433.91
If he were to pay semi-annual premiums, what would the premium be?Semi-annual premium = $ 433.91425.40221.2170.90850.80212.7076.57871.60
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If he were to pay quarterly premiums, what would the premium be?Quarterly premium = $ 70.90433.91425.40850.80212.7076.57871.60221.21
If he were to pay monthly premiums, what would the premium be?Monthly premium = $ 871.60850.8070.90425.40433.9176.57221.21212.70