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 Oct 17, 2018
 #2
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+1

A. $170.00

 Oct 17, 2018
 #3
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+1

P  =  2DB

 

This is the 6 month premium

 

We need to divide this by 6 to get the monthkly premium

 

P  = 2 * 1.02 *  500  /  6  =  1000* 1.02 / 6  =  1020 / 6 = $170  ⇒  "A"

 

 

cool cool cool

 Oct 17, 2018

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