I the additional annual cost if paying by monthly


Insurance that costs £440 per annum if paid in a single payment, costs £38.50 per month if paid in 12 equal monthly installments.

Calculate:

(i) the additional annual cost if paying by monthly installments

(ii) the additional annual cost as a percentage of the single payment cost.

Solution Preview :

Prepared by a verified Expert
Macroeconomics: I the additional annual cost if paying by monthly
Reference No:- TGS01464817

Now Priced at $10 (50% Discount)

Recommended (95%)

Rated (4.7/5)