Your team leader puts a suggestion box in the break room. At team meetings, he lists all the reasons why the suggestions can't b
1 answer:
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Answer:
monthly insurance payments = $29.94
Explanation:
given data
hazard coverage = $98,000
annual premium = $0.44 per $100.00
cost of the policy = 2 ½ times annual rate for 3 year policy
solution
we get here first normal premium cost per year that is
normal premium cost per year = $98000 × 0.44 ×
normal premium cost per year = $431.2
and
insurance company is offering for new owner discount for purchasing a three year policy
so here the total cost for the three year is
total cost for the three = $431.2 × 2.5 = $1078
and now we get monthly insurance payments for 3 year is
monthly insurance payments =
monthly insurance payments = $29.94