Elaine owns a Subaru Outback and her friend Sadie owns a Mazda Miata. Elaine has coverage from Nationwide and Sadie from Progressive. Both of them have exactly the same coverages and use the PAP. They have a single liability limit of $350,000 and the same limit for uninsured motorist. They have a $500 deductible for collision and a $200 deductible for other-than-collision. They have towing and labor and car rental reimbursement. Sadie borrowed Elaine's Subaru to pick up some building supplies (which would not fit in the Miata) from the home improvement store . While driving the Subaru, Sadie lost control of the car and crashed it. The Subaru was a total loss and Sadie was severely injured. Sadie has $670,000 of bodily injury loss. Whose insurance company pays first? (a. Elaine's b, Sadie's c. no insurer since the drunk driver does not have insurance); under what coverage? (part a liability coverage/ part b medical payment/ part c uninsured motorists coverage) How much? (0/320000/350000/670000)
whose insurance company pays second? (a. Elaine's b, Sadie's c. no insurer since the drunk driver does not have insurance); under what coverage? (part a liability coverage/ part b medical payment/ part c uninsured motorists coverage) How much? (0/320000/350000/670000/320000 plus car loss/ 670000 plus car loss)

answerpounds of plastic to purchase 200+60-20=(240);

of the three mortgage options that demarco and tanya have to choose from, the balloon payment mortgage would be their best option, over adjustable payment and fixed payment plans.ultimately, the balloon payment plan would save demarco and tanya overall, in interest, would cost less monthly, and they would only have to make these payments for 8 years, opposing to 30 years for adjustable or fixed payment plans. 

overall, demarco and tanya would save $80,811 if they chose balloon payments over fixed payments, and would save $116,711 if they choose balloon payments over adjustable payments. benefits with choosing fixed payments over adjustable payments is that, in the end, the payments will still be $836.30 a month, while with adjustable payments, the initial monthly payments will be $763.38 to $1082.70 a month, ultimately leading to a more costly purchase. benefits with choosing fixed payments over balloon payments are not present. benefits in choosing adjustable payments over is that it has a lower interest rate, and starts with lower monthly payments initially. benefits in choosing adjustable payments over balloon payments include a lower interest rate, and lower initial monthly payments. benefits in choosing balloon payments over fixed payments include lower interest rates, lower overall price, lower monthly payments, takes less time to pay off, and does not require a downpayment. benefits in choosing balloon payments over adjustable payments include, lower monthly payments (when averaged), takes less time to pay off, and lower overall price.

hence, option c, balloon payments, is the best option for demarco and tanya to make this purchase, for it will save them a minimum of $80811, and a maximum of $116,711.