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 247 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

ryhom

  • Member
  • Posts: 366
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Everyone has one nostril that is larger than the other.

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?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

DNA analysis of phylogenetic relationships among modern and extinct flightless birds by Cooper and c DNA analysis of phylogenetic relationships among modern and extinct flightless birds by Cooper and c
(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
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
A medical assistant performs a spirometry test using electronic health record software. A medical assistant performs a spirometry test using electronic health record software.
An example of an intake screen in an electronic health record. An example of an intake screen in an electronic health record.
Opener Bronze sculpture of the Watson–Crick model for double-helical DNA Opener Bronze sculpture of the Watson–Crick model for double-helical DNA
Video: Bone Growth and Remodeling

For a complete list of videos, visit our video library