You have a 70/30 medical insurance policy with a $1,500 premium and an $850 deductible. You had major surgery totaling $64,200. How much will you have to par for this bill? Max out of pocket is $9100. Group of answer choices $19,005 $19,260 $9100 $19,855

Q: I get an MRI at a Hospital. It costs $1500, but the hospital gives me an option to pay this off in…

A: Debt: It is the amount that is borrowed by a borrower on which interest is paid.

Q: Alec, Daniel, William, and Stephen decide today to save for retirement. Each person wants to retire…

A: Future value is the amount that was deposited and the amount of compounded interest accumulated over…

Q: Suppose you take out a loan for 160 days in the amount of $14,000 at 7% ordinary interest. After 40…

A: The interest amount is computed by multiplying the amount of the loan with the interest rate and the…

Q: mey billed us $18,000. Now th e amount before adjusting fo ur insurance will cover. k, so how much…

A: As per Question, Jamie Lee Our plan has a deductible of $555 per person and $1,110 per family per…

Q: You won the lottery. You may receive a one-time cash payout today or receive $340,000 in 13 years.…

A: Future Value = fv = $340,000Time = t = 13Discount Rate = r = 12%

Q: Calculate Sandy’s monthly payment

A: Loan Payment: These are payments made by the lender to the borrower for amortizing the loan amount.…

Q: Rachel has an opportunity to save $230 per month at an APR of 4.15% in a 401K plan through work. She…

A: Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only one…

Q: Your bank is offering to finance your new car purchase for 3 years at 4.95%. If you were to borrow…

A: An annuity is a financial product that provides a series of payments to an individual or entity at…

Q: You want to purchase a new motorcycle that costs $27,400. The most you can pay each month is $635…

A: Compound = Monthly = 12Present Value = pv = $27,400Monthly Payment = p = $635Time = t = 48 Months

Q: Find the following: (Round your answer to the nearest cent.)   Value of Property Amount of…

A: Assets: Assets are the resources of an organization used for the purpose of business operations.…

Q: 13. A discounted loan of $3,000 at a simple discount rate of 6.5% is offered to Mr. Jones. If the…

A: A Simple Discount Loan refers to the type of loan where the interest is deducted at the time of…

Q: In order to purchase a home, a family borrows $30,000 at 2.25% for 3 yr. What is their monthly…

A: For the purchase of large ticket items like a house or a car etc. we usually take loans. The loan…

Q: Carissa has a $178,000 home insured for Ovision, how much would the insurance company pay for a…

A: Total Value of Home = $178,000Insured Amount = $12000080% co-insurance provision = 80% of Total…

Q: Ursula wants to buy a $21,000 used car. She has savings of​ $2,000 plus an​ $800 trade-in. She wants…

A: The monthly payment is the payment that includes the principal amount as well as interest amount and…

Q: A $150,000 home is financed by a 30-year, 9 percent fixed-rate mortgage loan with 20 percent down…

A: A loan is a financial arrangement in which one or more people, companies, or other entities lend…

Q: My tuition is $5,050.00 i want to pay $3,400.00 what is the % discount that i am asking for?

A: A discount has been provided when a good or service's price is lowered and it is sold. The term…

Q: You buy furniture for 5400. You pay 300 down the remainder is financed in 36 100 monthly payments.…

A: Furniture price = 5400 Down payment = 300 Number of payment = nper = 36 Monthly payment = pmt = 100

Q: You wish to buy your first home. Your annual gross income is $84,000. You also have monthly payments…

A: Mortgage loans are given on the basis of monthly income and other expenses related to the housing…

Q: ase a used sports utility vehicle costing $30,000 by taking out a 9% add-on installment loan. The…

A: Answer : Cost of vehicle = $30,000 Time= 5 Years rate = 9% Down payment = $30,000*15% = $4,500…

Q: 4. I get an MRI at UNC Hospitals. It costs $1500, but the hospi- tal gives me an option to pay this…

A: Debt: It is the amount that has been borrowed by the borrower & can be paid in installments.

Q: Your aunt offers you a choice of $21,200 in 20 years or $670 today. Use Appendix B as an approximate…

A: TVM concept will be used here.   TVM means time value of money.

Q: Martin wants to buy a new bedroom set that costs $1709 including tax. Unfortunately, he desi store…

A: The amount paid each month to repay the loan over the course of the loan is known as the monthly…

Q: 1. How much total money would you have spent out of pocket with each plan? 2. With each plan, how…

A: Let's examine each insurance plan's calculations in more detail:  Health Decision: 1. A sore throat…

Q: Q2. While travelling to Dammam, Qassim is admitted to hospital for major car accident and need major…

A: A coinsurance reveals a specified proportion of the covered claim the insured needs to pay in case…

Q: A health insurance policy pays 80 percent of physical therapy costs after a deductible of $260. In…

A: The health insurance policy will pay 80% of the cost after a deductible of $260.It means out of…

Q: A health insurance policy pays 75 percent of physical therapy costs after a deductible of $240. In…

A: The health insurance policy will pay 75% of the cost after a deductible of $240.It means out of…