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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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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- 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? 6. а. $189.59 b. $192.59 С. $758.34 d. $126.728. George pays $410 a year for $65,000 of home insurance with a $250 deductible. By choosing a $1000 deductible policy he can save 25% of his annual premium. What will be the annual premium for the same policy with the higher deductible?Margo borrowis 51700 , agreeing to pay it back with 48 annual interest after 11 months. How much interest will she pay?
- Fritz's monthly payment is $. Fritz Benjamin buys a car costing S19900. He agrees to make payments at the end of each monthly period for 7 years. He pays 4.8% interest, compounded monthly. What is the amount of each payment? Find the total amount of interest Fritz will pay. (Round to the nearest cent.) Fritz will pay a total of $ in interest. %$4 (Round to the nearest cent.)Fritz Benjamin buys a car costing $16700. He agrees to make payments at the end of each monthly period for 4 years. He pays 9.6% interest, compounded monthly. What is the amount of each payment? Find the total amount of interest Fritz will pay. Fritz's monthly payment is $_______Jane took out a loan from the bank today for X. She plans to repay this loan by making payments of $520.00 per month for a certain amount of time. If the interest rate on the loan is 1.12 percent per month, she makes her first $520.00 payment later today, and she makes her final monthly payment of $520.00 in 7 months, then what is X, the amount of the loan? O An amount less than $3,501.00 or an anmount greater than $4,238.00 O An amount equal to or greater than $3,501.00 but less than $3,739.00 O An amount equal to or greater than $3,739.00 but less than $3,980.00 O An amount equal to or greater than $3,980.00 but less than $4,081.00 O An amount equal to or greater than $4,081.00 but less than $4,238.00
- Freddy agreed to make quarterly payments of $781.25 for 4 years on a loan of $10,000. What simple interest rate is he paying?) Signe owes $19,561 on her credit card. Calculate the monthly payment if the credit card APR is 18% and Signe pays it off in three years. Assume no additional charges are made to the card. LSS-Comp SP LSS-Cont O O LPElizabeth pays $294.50 for a car lease at the beginning of every month for 1 years and 8 months at 4.58% compounded monthly. a. What type of annuity is this? Ordinary simple annuity Ordinary general annuity Simple annuity due General annuity due b. How many payments are there in this annuity? While buying a new car, Elizabeth made a down payment of $700 and agreed to make month-end payments of $250 for the next 4 years and 5 months. She was charged an interest rate of 3% compounded semi-annually for the entire term. a. What was the purchase price of the car? Round to the nearest cent b. What was the total amount of interest paid over the term?
- Delilah is paying $0.40 per $100 on her $210,000 home in homeowners' insurance annually. If her annual homeowners' insurance premium is divided into twelve equal monthly installments to be included on each of her monthly mortgage payments of S1033.00, what is Delilah's total monthly payment? a.$1.873 b.$1,103 C.$840 d. $70Phil has systematically contributed $3000 to his RRSP at the beginning of every three months for the past 17 years. If the RRSP has earned 8.8% compounded quarterly, what is the value of Phil's RRSP today? (Do not round Intermedlate calculations and round your final answer to 2 declmal places.) The value of the RRSP today $ 54600.00 connectFritz Benjami buys a car costing $14200. He agrees to make payments at the end of each monthly period for 6 years. He pays 6.0% interest, compounded monthly. What is the amount of each payment? Find the total amount of interest Fritz will pay.
