Sue purchased a $39,000 life insurance policy at the price of $24 per $1000 of coverage. If she pays the premium in 12 monthly installments, how much is each installment?
Added by Timothy D.
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To do this, we can divide the coverage amount by 1,000 and then multiply by the price per $1,000 of coverage: Total cost = (Coverage amount / 1,000) * Price per $1,000 Total cost = (39,000 / 1,000) * 24 Total cost = 39 * 24 Total cost = $936 Show more…
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