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QUESTION 1 Jan pays $70 each month for her auto insurance policy. This regular payment is called a:

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I am not sure but I think it is a Monthly Bill.
answered
User Gurbieta
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Jan pays $70 each month for her auto insurance policy. This regular payment is called a premium.

The premium is the amount of money that an individual or business must pay for an insurance policy and it is usually paid at regular intervals by the owner of an insurance policy.

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User MattR
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