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 277 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
Gracias!

chjcharjto14

  • Member
  • Posts: 342
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

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?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Adolescent females who participate in activities such as ballet are at risk for eating disorders Adolescent females who participate in activities such as ballet are at risk for eating disorders
Martin Lichtenstein Martin Lichtenstein
Martin Puryear, Self. Martin Puryear, Self.
Risk Factors for NSAID-Induced Gastrointestinal Ulcers Risk Factors for NSAID-Induced Gastrointestinal Ulcers
Chocolate May Lower the Risk of Stroke in Men Chocolate May Lower the Risk of Stroke in Men
The lifetime risk for schizophrenia varies with the degree of relationship to an affected individual The lifetime risk for schizophrenia varies with the degree of relationship to an affected individual
Video: Biological organic compounds

For a complete list of videos, visit our video library