James Harmon is twenty-five when he takes out $40,000 of twenty-payment life insurance. How much is his annual premium? Annual premium = $ If he were to pay semi-annual premiums, what would the premium be? Semi-annual 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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