Number 16- 216
number 17- 180
number 18- 252
Answer:
$14,112
Step-by-step explanation:
The sum of the 48 monthly payments is ...
48 × $231.50 = $11,112
Together with the down payment the total installment price is ...
$11,112 +3,000 = $14,112
The correct answer is: <span>a $100,000 life insurance policy at $0.55 per $1000 per month (more economical)
</span>
Explanation:
(1)<span>a $100,000 life insurance policy at $0.55 per $1000 per month
It means:
$0.55*100*12 = $660 [There are 100 thousands in $100000 and there are 12 months in the year]
(2)</span><span>a $100,000 life insurance policy at $170 per quarter.
It means:
$170*4 = $680 [There are 4 quarters in a year]
As $680 > $660 therefore Option (A) is the economical option.</span>
i didnt understand .........?
