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You've been laid off by your employer where you had been participating in a contributory health-care plan. Your share of the premiums, $225 per month,

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You've been laid off by your employer where you had been participating in a contributory health-care plan. Your share of the premiums, $225 per month, was 50 percent of the actual cost to the employer. (b) If you opt for COBRA continuation coverage and your employer adds a 2 percent administrative charge, how much will you have to pay per month for the coverage? (Round answer to O decimal places, e.g. 52.) $ 1404 per month

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