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13-01-2024
Mathematics

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Lauren is a 49-year-old female who wants to buy a 20-year term policy for $210,000. She wants to pay monthly, but a friend said that an annual payment of the premium saves money. How much will she save in terms of percentage? The annual cost per $1,000 for her age is $47.03 Monthly payments charge is 9% of the total premium i

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