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 98 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
YES! Correct, THANKS for helping me on my review

alvinum

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

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?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

Everyone has one nostril that is larger than the other.

Nursing diagnositic process - risk for infection Nursing diagnositic process - risk for infection
Lilly Martin Spenser’s painting, Domestic Happiness (1844), reflects the change in attitudes toward Lilly Martin Spenser’s painting, Domestic Happiness (1844), reflects the change in attitudes toward
Risk Factors for Developing Breast Cancer Risk Factors for Developing Breast Cancer
How to avoid car insurance claims How to avoid car insurance claims
A typical output driver. In this case, the PCM applies voltage to the fuel pump relay coil to ... A typical output driver. In this case, the PCM applies voltage to the fuel pump relay coil to ...
Risk factor for children age 2 to 3 Risk factor for children age 2 to 3
Video: Splitting of Sugar, Oxidation/ Reduction & ATP Generation

For a complete list of videos, visit our video library