03. The jones family purchases $350,000 in life insurance from an insurance broker.
How much will they pay the insurance broker if she charges a 0.5% commission?
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5
Answer:
$1750
Step-by-step explanation:
Amount the family purchases: $350,000
Amount the broker charges: 0.5% of $350,000
According to the questions,
(0.5÷100)×350000
=1750
Ans:) $1750
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