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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
Expert answered|ramkitten|Points 4546|
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Asked 12/9/2010 8:15:37 AM
Updated 7/19/2015 8:46:19 PM
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This answer has been confirmed as correct and helpful.
Edited by debnjerry [7/19/2015 8:46:16 PM], Confirmed by debnjerry [7/19/2015 8:46:19 PM]
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