Question #116170
Ruth has decided to drop her collision insurance because her car is getting old. Her total annual premium is $916, of which $170.60 covers collision insurance
1
Expert's answer
2020-05-18T17:15:21-0400

After Ruth drops her collusion insurance, her annual premium will be:

Premium=960170.6\text{Premium}=960-170.6


Annual Premium=745.4\text{Annual Premium}= 745.4


The premium that paid quarterly are:

Quaterly payments=Annual premiums4\text{Quaterly payments}=\dfrac{\text{Annual premiums}}{4}


Quaterly payments=745.64=186.4\text{Quaterly payments}=\dfrac{745.6}{4}=186.4


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