8. XYZ Co. has a fleet of commercial auto insured on their Auto policy from Jan 5, 2019 to Jan 5 2020. On March 10, 2019, XYZ called their insurance agent and advised they sold 2 vehicles and bought 3 new ones. The agent amended the Auto policy accordingly. Use the information provided to answer the following questions: a. The deleted vehicles resulted in a return premium of $12,600 and the added vehicles resulted in additional premium of $36,400. What is the net premium change from amending the Auto policy? I Answer b. The Auto policy is paid monthly on the 5th of each month starting in January. It is a 10-pay plan of 25% down payment and installments. The annual policy premium is $120,000. XYZ is up to date on their monthly payments. What is the monthly installment amount due in April after the policy is amended in March? Answer c. XYZ calls their agent and advised they want to pay the entire policy premium balance instead of the monthly installment due April 5th. How much does XYZ need to pay? Answer 8. XYZ Co. has a fleet of commercial auto insured on their Auto policy from Jan 5, 2019 to Jan 5 2020. On March 10, 2019, XYZ called their insurance agent and advised they sold 2 vehicles and bought 3 new ones. The agent amended the Auto policy accordingly. Use the information provided to answer the following questions: a. The deleted vehicles resulted in a return premium of $12,600 and the added vehicles resulted in additional premium of $36,400. What is the net premium change from amending the Auto policy? I Answer b. The Auto policy is paid monthly on the 5th of each month starting in January. It is a 10-pay plan of 25% down payment and installments. The annual policy premium is $120,000. XYZ is up to date on their monthly payments. What is the monthly installment amount due in April after the policy is amended in March? Answer c. XYZ calls their agent and advised they want to pay the entire policy premium balance instead of the monthly installment due April 5th. How much does XYZ need to pay