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

Author Question: Driver Cooper has a poor driving record and pays double the usual premium as a high-risk driver. The ... (Read 246 times)

asmith134

  • Hero Member
  • *****
  • Posts: 576
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

annierak

  • Sr. Member
  • ****
  • Posts: 340
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

  • Member
  • Posts: 576
Reply 2 on: Jun 24, 2018
Excellent

Dominic

  • Member
  • Posts: 328
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

(a) With few ticks, moose retain a brown coat; (b) at high numbers of ticks, moose self-groom, destr (a) With few ticks, moose retain a brown coat; (b) at high numbers of ticks, moose self-groom, destr
Serotonin and Risk-Taking Behavior Serotonin and Risk-Taking Behavior
Record the first puff and this final reading for each cylinder. The final readings should all be ... Record the first puff and this final reading for each cylinder. The final readings should all be ...
Risk Factors of Osteoporosis Risk Factors of Osteoporosis
Poor ventilation of oceans Poor ventilation of oceans
Improving your flexibility can help you reduce muscle soreness and lower your risk of injury Improving your flexibility can help you reduce muscle soreness and lower your risk of injury
Video: Mitochondrial Structure & ETC Protein Complexes (Protein Complexes and Electron Transport)

For a complete list of videos, visit our video library