Leon's 6-month premium for auto insurance is $754.34, if he pays it all at once. If he decides that he wants to make payments, he will be charged a surcharge of $4 for each of the first 4 months, upon which time the 6-month premium needs to be paid in full. What is his premium for each of the first four months if he decides to pay the minimum? A. $189.59 B. $192.59 C. $758.34 D. $126.72
Leon's 6-month premium for auto insurance is $754.34, if he pays it all at once. If he decides that he wants to make payments, he will be charged a surcharge of $4 for each of the first 4 months, upon which time the 6-month premium needs to be paid in full. What is his premium for each of the first four months if he decides to pay the minimum? A. $189.59 B. $192.59 C. $758.34 D. $126.72
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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19. Leon's 6-month premium for auto insurance is $754.34, if he pays it all at
once. If he decides that he wants to make payments, he will be charged a
surcharge of $4 for each of the first 4 months, upon which time the 6-month
premium needs to be paid in full. What is his premium for each of the first
four months if he decides to pay the minimum?
A. $189.59
B. $192.59
C. $758.34
D. $126.72
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