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Calculate the Annual Premium for the Following Motor Vehicle Insurance

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Calculate the annual premium for the following motor vehicle insurance policy.  Territory  Driver  Class  Bodily  Injury  Prop.  Damage  Model  Class  Vehicle  Age  Comp.  Deduct. 3250/10050 L 5 Full  Coverage \begin{array} { l l l l l l l } \text { Territory } & \begin{array} { l } \text { Driver } \\\text { Class }\end{array} & \begin{array} { l } \text { Bodily } \\\text { Injury }\end{array} & \begin{array} { l } \text { Prop. } \\\text { Damage }\end{array} & \begin{array} { l } \text { Model } \\\text { Class }\end{array} & \begin{array} { l } \text { Vehicle } \\\text { Age }\end{array} & \begin{array} { l } \text { Comp. } \\\text { Deduct. }\end{array} \\\hline 3 & 2 & 50 / 100 & 50 & \text { L } & 5 & \text { Full } \\&&&&&&\text { Coverage }\end{array}  Rating  Coll.  Annual  Factor  Deduct.  Premium 1.5$500\begin{array} { l l l } \text { Rating } & \text { Coll. } & \text { Annual } \\\text { Factor } & \text { Deduct. } & \text { Premium } \\\hline 1.5 & \$ 500 &\end{array}

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Series of Stages

A developmental concept that suggests individuals pass through a specific sequence of age-related changes and milestones.

Child's Mind

Refers to the mental capacity, cognitive development, and psychological understanding of a child.

Maturation

The process of development in which an individual matures or reaches full functional capacity, particularly in the context of physical and cognitive growth.

Neural Interconnections

The connections between neurons in the brain that allow for communication through synapses, forming complex networks that underlie thought, behavior, and perception.

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