Luis Huerto has a limited payment insurance policy until age 65. His annual premium is $875. He wants to pay the premium monthly. The monthly premium is 8.4 percent of the annual premium. What are his monthly payments?
A.
$69.75
B.
$56.11
C.
$73.50
D.
$70.98

Luis Huerto has a limited payment insurance policy until age 65. His annual premium is $875. He wants to pay the premium monthly. The monthly premium is 8.4 percent of the annual premium. What are his monthly payments?
A.
$69.75
B.
$56.11
C.
$73.50
D.
$70.98

Luis Huerto has a limited payment insurance policy until age 65. His annual premium is $875. He wants to pay the premium monthly. The monthly premium is 8.4 percent of the annual premium. The monthly payments are $73.50. 875*.084=73.50

Luis Huerto has a limited payment insurance policy until age 65. His annual premium is $875. He wants to pay the premium monthly. The monthly premium is 8.4 percent of the annual premium. What are his monthly payments? A. $69.75 B. $56.11 C. $73.50 D. $70.98

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