Leon's 6-month premium for auto insurance is $754.34, if he pays it all at once. If he decides that he wants to make payments, he will be charged a surcharge of $4 for each of the first 4 months, upon which time the 6-month premium needs to be paid in full. What is his premium for each of the first four months if he decides to pay the minimum?
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- Margo borrowis 51700 , agreeing to pay it back with 48 annual interest after 11 months. How much interest will she pay?19. Leon's 6-month premium for auto insurance is $754.34, if he pays it all atonce. If he decides that he wants to make payments, he will be charged asurcharge of $4 for each of the first 4 months, upon which time the 6-monthpremium needs to be paid in full. What is his premium for each of the firstfour months if he decides to pay the minimum? A. $189.59B. $192.59C. $758.34D. $126.72Ellery purchases a home with a loan of R149 000. The 30-year loan term and 7,5% interest rate apply to the home loan. Every month, payments are made. How much interest will he pay overall if he purchases the house in accordance with the terms of the loan? a. b. C. d. R226 059 R138 086 R486 160 R375 489
- Delilah is paying $0.40 per $100 on her $210,000 home in homeowners' insurance annually. If her annual homeowners' insurance premium is divided into twelve equal monthly installments to be included on each of her monthly mortgage payments of S1033.00, what is Delilah's total monthly payment? a.$1.873 b.$1,103 C.$840 d. $70Derek borrows $318,449.00 to buy a house. He has a 30-yearmonthly payment mortgage with a rate of 5.70% p.a. Assuming he makes all the required monthly payments on time, what is the remaining balance on Derek's loan immediately after he makes the 99th payment? 1) $297,424.72 2) $276,149.51 3 ) None of the answers in this list is within $ 1.00 of the correct answer . 4 ) $289,563.23 5 ) $ 269,665.60 6 ) $ 281,983.11Michael has a credit card debt of $70,000 that has a14% APR, compounded monthly. The minimum monthly payment only requires him to pay the interest on his debt. He receives an offer for a credit card with an APR of 6% compounded monthly. If he rolls over his debt onto this card and makes the same monthly payment as before, how long will it take him to pay off his credit card debt?
- Fritz's monthly payment is $. Fritz Benjamin buys a car costing S19900. He agrees to make payments at the end of each monthly period for 7 years. He pays 4.8% interest, compounded monthly. What is the amount of each payment? Find the total amount of interest Fritz will pay. (Round to the nearest cent.) Fritz will pay a total of $ in interest. %$4 (Round to the nearest cent.)Fritz Benjamin buys a car costing $16700. He agrees to make payments at the end of each monthly period for 4 years. He pays 9.6% interest, compounded monthly. What is the amount of each payment? Find the total amount of interest Fritz will pay. Fritz's monthly payment is $_______Phil has systematically contributed $3000 to his RRSP at the beginning of every three months for the past 17 years. If the RRSP has earned 8.8% compounded quarterly, what is the value of Phil's RRSP today? (Do not round Intermedlate calculations and round your final answer to 2 declmal places.) The value of the RRSP today $ 54600.00 connect
- 8. George pays $410 a year for $65,000 of home insurance with a $250 deductible. By choosing a $1000 deductible policy he can save 25% of his annual premium. What will be the annual premium for the same policy with the higher deductible?Adam purchases a house and gets a 20-year mortgage for $205,000 at 4.5 % APR. In addition to the monthly payment, the lender requires him to pay into an escrow account for the homeowners insurance and property tax. His homeowners insurance is $1300 per year and the property tax is $2100 per year. Determine the monthly payment to the lender that includes the insurance and property tax. Round your answer to the nearest cent.Noel purchases a house and gets a 15-year mortgage for $155,000 at 4.75% APR. In addition to the monthly payment, the lender requires him to pay into an escrow account for the homeowners insurance and property tax. His homeowners insurance is $1100 per year and the property tax is $1500 per year. Determine the monthly payment to the lender that includes the insurance and property tax. Round your answer to the nearest cent.