Seth Nienhueser just purchased a new Toyota Camry. He is in driver classification 4 and lives in territory 4. His vehicle is in model class C. Seth wants to purchase an automobile policy with bodily injury and property damage coverage in the amounts of 100/300/100. The insurance company has assigned a 4.0 rating factor to his policy. How much less will Seth's annual premium be if he chooses collision coverage with 500 deductible rather than 250 deductible, and comprehensive coverage with 100 deductible rather than full coverage?
Question 2
Find the maturity value on a loan of 2,500 at 10.5 interest, for 60 months. Use the formula MV = P + I.
A) 1,312.50
B) 3,812.50
C) 4,375.00
D) 1,875.00
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