Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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9. Earl is 60 years old and is buying $70,000 of life insurance for an annual premium of $739.05. If he pays
each annual premium in 12 equal installments, how much is each monthly payment? Round your answer to
the nearest cent.
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Transcribed Image Text:9. Earl is 60 years old and is buying $70,000 of life insurance for an annual premium of $739.05. If he pays each annual premium in 12 equal installments, how much is each monthly payment? Round your answer to the nearest cent.
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