6. The annual premium on an insurance policy is $1, 200. First, find the premium per period if p below to find the total annual cost. Premium Factors Modes of Payment Premium Factor Semi-annually 0.51 Quarterly 0.26 Monthly 0.0908 O $1, 201.12 O $1, 307.52 O $1, 424.42 O $1, 342.15

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