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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
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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
5.5k 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
5.5k points
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