swebb49 swebb49

24-03-2020
Mathematics

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Mr. Hopper takes out a term life insurance policy with a renewable annual premium. The first year premium is $350. Premiums increase by 7% each year. What will the premiums be in the second year? What will the premiums be in the third year? Round to the nearest cent.

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kimberlysaco04 kimberlysaco04

24-03-2020

Answer:

2 year is $374.70

3 year $400.72

Step-by-step explanation:

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