9
QuizMultiple Choice

Financial Reserves

Question 9 • 26-27 Ignite Technical Math-Financial Math - MA2007

Michael needs to pay car insurance premiums of $958 two times per year. He has decided to make deposits from each paycheck to a savings account for “Other Expenses (Predictable)” to cover this expense. How much should Michael deposit from each paycheck if the paycheck is bi-weekly?a.$80b.$74c.$160d.$37

Answer
A
A
B
B
C
C
D
D
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