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18 August, 21:19

Cindy's apartment complex is offering renters insurance through their insurance company. The insurance company charges an annual premium of $565.00 which can be paid in equal payments throughout the year with her monthly rent. Cindy's monthly rent is currently $789.00. What will Cindy's new rent be if she includes the renters insurance? a. $47.08 b. $630.75 c. $836.08 d. $1,354.00

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  1. 18 August, 21:27
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    The total annual premium of $565 can be paid in a way that Cindy will pay $47.0833 every month. This value should be added to Cindy's monthly rental. Thus, the total amount that Cindy should be paying,

    $789 + $47.0833 = $836.08

    Thus, the answer is letter C.
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