James Harmon is twenty-five when he takes out $40,000 of twenty-pay life insurance.
How much is his annual premium?
Annual premium = $
If he were to pay semiannual premiums, what would the premium be?
Semiannual premium = $
If he were to pay quarterly premiums, what would the premium be?
Quarterly premium = $
If he were to pay monthly premiums, what would the premium be?
Monthly premium = $
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