What single sum of money should spenz pay

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The Spenz corporation just made a big profit and wants to pay its insurance for three years in advance while it has the money to do so. Previously, Spenz has paid $100 in premiums semi-annually. Assuming a compound interest rate of 10%, what single sum of money should Spenz pay? The insurance premiums are due at the beginning.

Reference no: EM131020454

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