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Business, 03.02.2022 14:00 suicune19

A property is valued at $30,000 and is insured for $24,500 at a rate of 16 cents per $100. The premium for a 3-year policy is 2 1/2 times the premium for 1 year. For a 3-year policy, the monthly cost will be: A. $3.33.
B. $4.00.
C. $2.72.
D. $2.64.

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