Sarah purchases a health insurance plan. The annual premium is $7,000. The plan has the following characteristics: Copay for each visit to a provider is $40. Deductible = $4,000 Coinsurance is 65/35 Max out-of-pocket (after deductible): $5,000 On the first day of her plan year, she breaks her leg skiing. After 4 visits to various providers, the total medical bill for all expenses comes to $16,000. A. How much of the $16,000 does Sarah pay? B. How much of the $16,000 does the insurance company pay?

Steven wants to buy a new couch priced at $591 and agrees to pay for it over two years with a finance charge of 4.3% simple annual interest. How much will his monthly payment be? State your answer in terms of dollars rounded to the nearest cent (hundredth). Carl purchased a $385 car stereo at Worst Buy. He paid $25 at the time of purchase and agreed to pay the balance in 12 equal monthly payments. The finance charge was 14% simple annual interest. What was the amount of each payment? State your answer in terms of dollars rounded to the nearest cent (hundredth). Sammy wants to buy a new stereo priced at $449. He enters into an agreement to pay $21 a month for 24 months. How much will the finance charge be for this purchase?

The tucker family has health insurance coverage that pays 80 percent of out of hospital expenses after a 500 deductible per person. If one family member has doctor and prescription medication expenses of 1,100 what amount would the insurance pay?

Lydia borrows $2000 from a credit card company at 23% annually for two years. Determine Lydia’s monthly payments.

Janet borrows $3500 from a credit card company at 22.5% annually for 3 years. Determine Janet’s monthly payment. Show your work.

To help pay for art school, Kareem borrowed money from his credit union. He took out a personal, amortized loan for $55,000 at an interest rate of 5.3% with monthly payments for a term of 20 years a) Find Kareem's monhly payment b) If Kareem pays the monthly payment for each month for the full term, find his total amount to repay the amount. c) If Kareem pays the monthly payement for each month for the full term, find the total amount of interest he will pay.  .

Marisol finances a sports car for $27,700 by taking out an installment loan for 36 months. The payments were $998.61 per month and the total finance charge was $8,249.96. After 21 months, Marisol decided to pay off the loan. After calculating the finance charge rebate, find her loan payoff amount.

The Baulding family has a basic health insurance plan that pays 80 percent of out-of-hospital expenses after a deductible of $250 per person. If three family members have doctor and prescription drug expenses of $425, $1,444, and $195, respectively, how much will the Baulding family and the insurance company each pay? How could they benefit from a flexible spending account established through Mr. Baulding's employer? What are the advantages and disadvantages of establishing such an account? The Baulding family will pay $ (Round to the nearest dollar)

Britta has been accepted into a 2-year Medical Assistant program at a career school. She has been awarded a $6,000 unsubsidized 10-year federal loan at 4.29%. She knows she has the option of beginning repayment of the loan in 2.5 years. She also knows that during this non-payment time, interest will accrue at 4.29%. Britta made her last monthly interest-only payment on May 5. Her next payment is due on June 5. What will be the amount of that interest-only payment? Round your answer to the nearest cent. *

Elaine borrows $1,000.00 from a credit card company at 19% annually for two years.  Determine Elaine’s monthly payment.     $50.41     $52.49     $100     $49.93