Mathematics, 05.05.2020 17:29 lexieprochaskaaa
Sonia purchased a whole life insurance policy with an annual premium of $850. In the first year, 45% of the annual premium is allocated to the insurance component and 55% to the investment component. The investment earns 3.2% interest, compounded annually. How much will Sonia have in the investment portion of her policy after the first year?
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Sonia purchased a whole life insurance policy with an annual premium of $850. In the first year, 45%...
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