To solve for the semimonthly payments on Max's insurance cost:
Annual insurance rate: $11,700
Employer pays 60%
What is Max's amount to pay?
(11,700)(.60) = $7,020
Max's employer pays $7,020
Max pays $4,680 (11,700-7,020)
If Max pay's $4,680 a year and we want to know but he pays semimonthly, or twice a month then we need to divide his annual payment by 24 since there are 12 months and he pays twice a month.
($4,680/24)= $195
Max pays $195 semimonthly for his insurance.
Answer: Chemicals such as insecticides, pesticides, and others must be kept away because they can contaminate food, and make it poisonous to anybody. Some can cause burns, vomiting, diarrhea, and in very large amounts, drowsiness or death. Chemical products may cause immediate health effects, such as skin or eye irritation or burns, or poisoning. There can also be longer-term health effects from chemicals.
Explanation:
I think the most appropriate answer would be "Value".
I hope it helped you!
Answer:
Answer:
a) Monthly payment = $65.95
b) Remaining balance on her loan after making 12th payment = 11,000 - (65.95 x 12) = $10208.6
c) Interest paid in month 13 = 10208.6 * 0.5% = $51.043
Principal paid in month 13 = $65.95 - 51.043 = $14.907
Explanation:
Using financial calculator:
PV = 11,000
n = 30 years = 360 months
i/r = 6%/year = 0.5% / month
FV = 0
PMT = ? (Monthly payment = ?)
a) Monthly payment = $65.95
b) Remaining balance on her loan after making 12th payment = 11,000 - (65.95 x 12) = $10208.6
c) Interest paid in month 13 = 10208.6 * 0.5% = $51.043
Principal paid in month 13 = $65.95 - 51.043 = $14.907
Explanation:
