Darlene buys a new car for $12,750. The simple interest rate is 11.3% and the amount of loan (plus simple interest) is repayable in 4 years. What is the total amount that must be repaid?

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  $18,513

Step-by-step explanation:

The value of the loan at the end of 3 years is ...

  A = P(1 +rt)

  A = $12,750(1 +0.113·4) = $18,513

Darlene must repay $18,513.

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step-by-step explanation:

all group life insurance is term insurance. actually it is annual renewable term and it is rated on the average age and claims experience of the entire group, which is called "experience rating." remember, this type of insurance has a 31-day grace period and is convertible to whole life upon leaving employment. a contributory group plan requires that both the employer and the employees pay part of the premium. at least 75% of those eligible must participate, so the group is sure to get most of the healthy employees as well as those that are sick.

step-by-step explanation: