Rate of return for buying the insurance on annual basis

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An student must decide to pay for auto insurance on a monthly or an annual basis. if paid annually, the cost is $1650. if paid monthly, the cost is $150 at the start of each month. what is the rate of return for buying the insurance on an annual basis?

Reference no: EM131090596

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Rate of return for buying the insurance on annual basis : An student must decide to pay for auto insurance on a monthly or an annual basis. if paid annually, the cost is $1650. if paid monthly, the cost is $150 at the start of each month. what is the rate of return for buying the insurance on an annual basi..

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