This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: John Christopher, a low-risk driver, is insured by a company that gives a 10 discount for the first ... (Read 157 times)

lidoalex

  • Hero Member
  • *****
  • Posts: 538
on: Jun 24, 2018
John Christopher, a low-risk driver, is insured by a company that gives a 10 discount for the first year, 20 the second year, 25 the third year, and 30 every year thereafter. Christopher has qualified as a low-risk driver for the last 5 years. Compute the amount Christopher saved in premiums if the regular premium is 1,000.

Question 2

Brendina Gillespie wanted to buy a new car. A bank would loan the sum of 18,00 . if Brendina would repay the loan over two years. Compute the size of the monthly payment that Brendina needs to pay in order to amortize the loan with interest of 12 compounded monthly on the unpaid balance. Use Tables 23-2A and 23-2B or a calculator.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

peilian

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jun 24, 2018
Answer to Question 1

1,150

Answer to Question 2

18,00 .  21.24339 = 847.32 monthly payments


lidoalex

  • Member
  • Posts: 538
Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review

at

  • Member
  • Posts: 359
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

John Muir John Muir
John Ray John Ray
This engraving by William Russell Birch shows Congress Hall (left), which was occupied by Congress f This engraving by William Russell Birch shows Congress Hall (left), which was occupied by Congress f
Eero Saarinen, TWA Terminal, John F. Kennedy International Airport, New York. Eero Saarinen, TWA Terminal, John F. Kennedy International Airport, New York.
Risk Factors for Alzheimer's Disease Risk Factors for Alzheimer's Disease
Risk & Aseptic Processing - RABs Filling Line Risk & Aseptic Processing - RABs Filling Line
Video: Membrane transport proteins - pores, gated channels and pumps

For a complete list of videos, visit our video library