Register
Luis Huerto has a limited payment insurance policy until age 65. His annua premium is $875. He wants to pay the premium monthly. The monthly premium is 8.4% of the annual premium. What are his monthly
82.2k views
2 votes
Luis Huerto has a limited payment insurance policy until age 65. His annua

premium is $875. He wants to pay the premium monthly. The monthly
premium is 8.4% of the annual premium. What are his monthly payments?
$73.50
$70.98
$56.11
$69.75

User Damian Powell
by
5.4k points

2 Answers

0 votes

Answer:

$73.50

Explanation:

875*0.084=73.5

User Ryan D
by
5.0k points
7 votes
$73.50
8.4% of the annual premium $875 come out to $73.50 a month
User Maral
by
5.4k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.6m questions

7.3m answers

Other Questions

What is the value of x? (-4) - x = 5
Can someone help me with 5??? ASAP?
1/7 + 3/14 equivalent fractions
185g in the ratio 2:3
(3x1,000,000)+(3x100,000)+(2x100) what is this number written in standard form?
Link Copied!