the second one.
Step-by-step explanation:
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Answer:
1/42
Step-by-step explanation:
4/7 - 23/42 = 24/42 - 23/42 = 1/42
Given,
Policy Value = $135000
Duration = 10 years
Premium= $4.55 per 1000 per year
Calculation,
So, yearly premium for $135000 = (4.55/1000)*135000 = 614.25
So, premium over 10 years for $135000 = 614.25*10 = $6142.5
Answer. Total premium over 10 years that Allan will have to pay = $6142.5