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

Author Question: Driver Martin is given a 10 discount on auto insurance as a low-risk driver. The regular premium ... (Read 169 times)

ishan

  • Hero Member
  • *****
  • Posts: 546
on: Jun 24, 2018
Driver Martin is given a 10 discount on auto insurance as a low-risk driver. The regular premium would be 1,800 for a year. If Martin qualifies for the discount every year for 5 years, compute the amount Martin will save on insurance premiums.

Question 2

Judy Baker borrowed 5,00 . and agreed to amortize the loan over 7 months by making monthly payments with interest of 9 compounded monthly on the unpaid balance each month. Compute the size of Judy's monthly payments. 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

ttt030911

  • Sr. Member
  • ****
  • Posts: 315
Reply #1 on: Jun 24, 2018
Answer to Question 1

900

Answer to Question 2

5,00 .  6.79464 = 735.87 monthly payments


ishan

  • Member
  • Posts: 546
Reply 2 on: Jun 24, 2018
Wow, this really help

apple

  • Member
  • Posts: 352
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Shark - These species are all at risk of extinction Shark - These species are all at risk of extinction
Diverticulosis. It is the presence of abnormal pouches in the wall of the large intestine (diverticu Diverticulosis. It is the presence of abnormal pouches in the wall of the large intestine (diverticu
Chess and risk Chess and risk
School is over—but not for this student. After the regular school day, hundreds of thousands in ... School is over—but not for this student. After the regular school day, hundreds of thousands in ...
Notice how clean the engine appears. This is a testament of proper maintenance and regular ... Notice how clean the engine appears. This is a testament of proper maintenance and regular ...
How to calculate regular payments or deposits using the annuity formula (Question 2) How to calculate regular payments or deposits using the annuity formula (Question 2)
Video: Cardiac Cycle (Part 4 of 4)

For a complete list of videos, visit our video library