question archive The premium on an insurance policy are 5000 per quarter, payable at the beginning of each quarter
The premium on an insurance policy are 5000 per quarter, payable at the beginning of each quarter
Subject:MathPrice: Bought3
The premium on an insurance policy are 5000 per quarter, payable at the beginning of each quarter. If the policy holder wishes to pay one year premium in advance, how much should be paid, provided that the interest rate is 4% compounded quarterly?
