What is the rate of return for buying the insurance

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Reference no: EM132161029

Question: An engineering student must decide whether 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? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132161029

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