Luis Huerto has a limited payment insurance policy until age 65. His annua
premium is $875. He wants to pay the premium monthly. The monthly
premium is 8.4% of the annual premium. What are his monthly payments?
$73.50
$70.98
$56.11
$69.75

Respuesta :

$73.50
8.4% of the annual premium $875 come out to $73.50 a month

Answer:

$73.50

Step-by-step explanation:

875*0.084=73.5