Question
Please please help me. 7. Aisha has a health insurance policy with an 80 / 20 coinsurance and deductible of $3,200. She has met 45%
Please please help me.
7. Aisha has a health insurance policy with an 80 / 20 coinsurance and deductible of $3,200. She has met 45% of her deductible before having some tests done. Given the cost of her tests below, how much will she pay? Bill #1 - Blood Test = $345.25 Bill #2 - Allergy Test = $175.00 Bill #3 - MRI = $920.65 Select one:
a.$319.10
b.$1,440.90
c.$1,760.00
d.$3,200.00
8. Brianna is taking out a personal loan. She is given a 4.5% variable interest rate. What does this mean?
Select one:
a. Brianna can expect her interest rate to be 4.5% throughout the term of her loan
b. Brianna can expect to pay back her principal plus 4.5% interest
c. Brianna can expect her interest rate to start at 4.5%, but change throughout the term of her loan
d. Brianna can expect her APR to be 4.5% throughout the term of her loan
9. Van currently pays $12 per month for renter's insurance, and $126 per year for auto insurance. If she bundles her renter's and auto with her auto company, she can pay a total of $22 per month. Is it cheaper for her to keep her policies separate, or to bundle them?
Select one:
a. It is $6 cheaper per month to bundle
b. It is $6 cheaper per month to keep the current arrangement
c. It is $6 cheaper per year to bundle
d. It is $6 cheaper per year to keep the current arrangement 10. What is the difference between simple and compound interest?
Select one:
a. Simple interest is expressed as an APR where compound interest is expressed as an APY
b. Simple interest applies to savings accounts where compound interest applies to loans
c. Simple interest is charged on the principal, where compound interest is charged on the principal and earned interest
d. Simple interest is charged annually, where compound interest is charged monthly
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