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Author Question: Driver Cooper has a poor driving record and pays double the usual premium as a high-risk driver. The ... (Read 142 times)

asmith134

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on: Jun 24, 2018
Driver Cooper has a poor driving record and pays double the usual premium as a high-risk driver. The regular premium would be 510 for a year. If Cooper must pay the high-risk premium every year for 5 years, how much more will Cooper pay for insurance premiums than a low-risk driver receiving a 10 discount over the same 5-year period?

Question 2

Marilyn Post borrowed 10,00 . from her bank, which amortized the loan over 2  years at a rate of 6 compounded monthly. Find the size of Marilyn's monthly payments. Use Tables 23-2A and 23-2B or a calculator.


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annierak

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Reply #1 on: Jun 24, 2018
Answer to Question 1

2,805

Answer to Question 2

10,00 .  27.79405 = 359.79 monthly payments


asmith134

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

covalentbond

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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