In many cases, lenders allow homeowners to include their homeowners insurance premium with their monthly mortgage payment. tim’s home is worth $279,500. if his homeowners insurance premium is $0.33 per $100, how much is added to his monthly mortgage payment for insurance?

Answers

Answer 1

As per the insurance premium, the monthly mortgage payment for insurance is B. $76.86.

Insurance:

In accounting, insurance refers the contract (policy) in which an insurer indemnifies another against losses from specific contingencies and/or perils.

Given,

In many cases, lenders allow homeowners to include their homeowners insurance premium with their monthly mortgage payment. Tim's home is worth $279,500.

Here we need to find if his homeowners insurance premium is $0.33 per $100, then how much is added to his monthly mortgage payment for insurance.

While we looking into the given question, we have identified that Tim’s home is worth $279,500.

And the insurance premium is $0.33 per $100

Then the amount for a month premium will be calculated as,

=> $0.33/13

=> $0.0275

So, the premium for $279500 will be calculated as,

=>  0.0275/100 × 279500

=> $76.86

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Related Questions

please please.pleas help me

What are the advantages and disadvantages of consulting

NO LINKS!!!​

Answers

Answer:

Advantages of Being a Consultant:

You can learn many skills

Consulting allows you to build a powerful network

You get responsible tasks from the beginning

Perfect if you like to travel

You learn to work with the latest technologies

You can work in project teams

Consulting allows you to see many new things

You can work with many clients

Continuous training

You can work with other motivated people in consulting

Consulting teams support each other

You work on demanding projects

Good for your CV

You learn how to deal with stress

Consultants can earn pretty good money

Great exit options

You can work on many projects

Consulting never gets boring

Explanation:

Disadvantages of Being a Consultant:

Pressure in consulting can be high

Strict deadlines are a problem

You will be pushed to your boundaries

Consulting can imply working long hours

You may be away from home during the week

Being a consultant can be lonely

Some people develop mental issues

No real work-life balance

Problematic in case you have children

You have to represent the company

Many of your colleagues will leave

Insecurity regarding what comes next

Great swings in workload

Unsatisfying outcomes

Success greatly depends on the project manager

based on the scenario, there will be a(n) in . this will cause the curve to shift to the

Answers

Changes in supply or demand, government policies, technology advancements, or consumer preferences can all lead to shifts in curves.


In general, when analyzing a scenario, various factors can cause a shift in a curve. For example, Depending on the specific context and the nature of the change, the curve can shift either to the left or to the right.

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Based on the scenario, if there is an increase in demand, there will be a shift in the demand curve. This shift occurs because more people are now willing and able to purchase the product at each price level.

Let's break this down step-by-step for a better understanding:

1. When demand increases, it means that consumers are willing to buy more of a product at every price level. This could be due to factors such as increased income, changes in consumer tastes, or the availability of substitutes.

2. As a result, the demand curve will shift to the right, indicating a higher quantity demanded at each price. This shift shows that consumers are now willing to buy more of the product, even at higher prices.

3. It is important to note that the shift of the demand curve does not change the price itself. Instead, it reflects the change in consumer behavior and preferences.

For example, let's consider the demand for smartphones. If there is a new feature that makes smartphones more desirable, such as a better camera or longer battery life, the demand for smartphones would increase. This would lead to a shift in the demand curve to the right, indicating that consumers are now willing to buy more smartphones at each price level.

In conclusion, an increase in demand will cause the demand curve to shift to the right. This shift represents the change in consumer behavior and preferences, indicating that more of the product is now demanded at each price level.

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Mort Silver owns a home. He estimates his expenses as mortgage interest, $10,180; property taxes, $3,690; insurance, $833; depreciation, $3,800; maintenance and repairs, $900; lost interest income, $2,375; and utilities, $2,450. He expects to save $3,700 in income taxes. What is his net cost of home ownership?

Answers

Answer:

$17,528.00

Explanation:

The net cost of home-ownership will be the expenses minus savings.

Mortgage interests: $10,180

Property taxes :$3,690

Insurance :$833

Depreciation :$800

Maintenance and repairs :$900

Loss interest income :$2,375

Utilities: $2,450

The total expenses

= $10,180 + $3,690 + $833 + $800 + $900 + $2,375 + $2,450

=$21,228

Savings

=$21,228 - $3,700

=$17,528.00

Consider a market where production of a good generates a negative externality. In the market equilibrium, Group of answer choices firms are not maximizing profit. the market price is above the socially optimal price. the external costs have been internalized. too much of the good is being produced. there is no deadweight loss.

Answers

In a market with a negative externality, the production of a good imposes costs on third parties who are not directly involved in the transaction. This creates a market failure as the market equilibrium fails to account for these external costs.

In the given market equilibrium, firms are not maximizing profit. When there is a negative externality, firms do not consider the full social costs associated with their production decisions. They only focus on their private costs and benefits, which leads to an inefficient allocation of resources.

The market price being above the socially optimal price indicates that the negative externality is not fully accounted for in the market equilibrium. The price does not reflect the full social costs imposed by the production of the good.

The external costs have not been internalized, meaning that the parties responsible for generating the negative externality are not held accountable for those costs. These costs are often borne by society as a whole rather than being accounted for by the producers.

As a result, too much of the good is being produced. The market equilibrium quantity exceeds the socially optimal quantity, leading to an overallocation of resources towards the production of the good with the negative externality.

In a market with a negative externality, the market equilibrium fails to maximize profit, the market price is above the socially optimal price, the external costs are not fully internalized, and an excessive quantity of the good is being produced.

This leads to an inefficient allocation of resources and the presence of a deadweight loss, indicating the need for corrective measures such as government intervention, regulations, or market-based mechanisms like taxes or subsidies to internalize the external costs and achieve a socially optimal outcome.

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explain the impact that corporate consumers have on sports.

Answers

The company consumers purchase huge quantities of highly-priced tickets, assisting the groups financially. It makes the groups appearance correct to have their call at the uniform of the group this is winning, correct marketing and marketing for the company.

Marketing of sports activities offers with marketing and marketing sports activities to the viewing public. It entails the merchandising of sports activities, wearing events, wearing associations, and sports activities groups. Marketing of sports activities consists of advertising and marketing operators of sports activities groups and organizers of events, leagues, championships, and more.

It results in a big increase in income and profits, that's the best catalyst for commercial enterprise growth. In addition, it improves the requirements of living. Through sports activities advertising and marketing, expert athletes can gather life-converting sponsorship contracts that could permit them to convert their lives.

Team CSR sports include, however aren't constrained to, the subsequent sports: athlete volunteerism, instructional initiatives, philanthropic/charitable donations, network development, network initiatives, fan appreciation, fitness associated initiatives, and network-primarily based totally environmental programs.

Engaging in bodily sports like sports activities improves your coronary heart function, reduces your danger of diabetes, controls blood sugar, and lowers anxiety and strain levels. It additionally brings high-quality energy, discipline, and different commendable characteristics for your life. 

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Question 110 pts Ship Express has shareholders' equity of $218,700. The firm's total liability is $141,000, with 40% due within the one year. The firm has net fixed assets of $209,800. What is the amount of the net working capital

Answers

Based on the information given the amount of the net working capital is $93,500.

Net working capital

Using this formula

Net working capital =Current assets - Current liabilities

Let plug in the formula

Net  working capital=$141,000(1-.40) + $218,700 - $209,800

Net  working capital=$141,000(0.60) + $218,700 - $209,800

Net working capital=$84,600+$218,700-$209,800

Net working capital =$93,500

Inconclusion the amount of the net working capital is $93,500.

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Taking an assessment that has a long history of use is well respected and referenced by other credible sites helps ensure that you are taking a quality assessment.True or false

Answers

The given statement is true.

An assessment refers to the use of empirical data on the skills, and knowledge of the students in order to improve their learning.

Assessment has to do with the design, selection, and interpretation of information to aid the development of students.

It should be noted that when one takes an assessment from credible sites, this helps to ensure that the person is taking a quality assessment.

In conclusion, the correct option is True.

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Victor signs an arbitration agreement providing that he will arbitrate any disputes with his employer, Business Corp. Victor believes that Business Corp. has discriminated against him in violation of the Americans with Disabilities Act. The EEOC also investigated the situation and brought an action against Business Corp. alleging that Business Corp. discriminated against Victor in violation of the Americans with Disabilities Act. What is the effect of the arbitration clause in regards to the action brought by the EEOC?

Answers

Answer:

The arbitration clause signed by Victor and Business Corp. is binding to them only. That means that they must resolve their disputes using an arbitrator. But that clause has no effect on the Equal Employment Opportunity Commission (EEOC) and any of the actions that it decides to take against Business Corp. Government entities are not affected by arbitration clauses, since breaking the law cannot be made solved by an arbitrator.

As a salaried employee, Richard Hernandez earns $776 each week. In one week, he worked 50 hours. What is his gross pay for that week?

Answers

Answer:

He would get paid $38,800 he will get $38,800 because I multiplied $776 and the 50 hours and that's how I got $38,800.

A manufacturer of electric stand mixers wants to better compete in this highly competitive market. It decides to offer its mixer in over 50 different colors so customers will be able to match the appliance to their kitchen décor. What type of value creation strategy does this represent?
Multiple Choice
low cost
standardization
localization
differentiation

Answers

Answer:

Explanation:

differentiation is the right answer option D

Which statement describes what this graph indicates about government spending? the government spends less than it receives year over year. the government should produce more money to cover spending. the government on average spends more than it collects. the government needs to lower taxes to cover spending.

Answers

The government spending graph indicated that

the government on average spends more than it

collects.

What is Government Spending?

Government Spending serves as the public expenditure on goods as well as services which can be seen as a major component of the GDP.

Therefore, it can be concluded that the government spending graph let us know that the government spend more.

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Which of the following is an example of the ethical issue of gift-giving in the
health care industry?

Answers

Answer:

Patient Privacy and Confidentiality. The protection of private patient information is one of the most important ethical and legal issues in the field of healthcare. ...

Transmission of Diseases. ...

Relationships. ...

End-of-Life Issues

etc.

Answer:

A doctor prescribes medication to patients after the pharmaceutical company present tickets to a basketball game to the doctor.

Explanation:

good luck with your homework <3

Question 5 of 10
Which of the following is an internal factor?
A. Employee turnover
B. Economic recession
C. Employment laws
D. Interest rates

Answers

Answer:

A. Employee turnover

Explanation:

Internal factors refer to the things that are within the organization's control. They are issues or factors unique to a particular organization. Internal factor contrasts with external factors which refer to issues that affect the whole industry and therefore beyond the control of any single organization.

Employee turnover refers to the rate at which employees leave the company, either voluntary or involuntary. Each organization will have a unique employee turnover rate. Employee turnover is, to a large extent, within the organization's control.

a motivational speach before final exams​

Answers

Explanation:

Honestly, you got this! Don't stress yourself too much! You are capable of AMAZING things! I am positive you will do great on this exam! Never stop working hard, but don't forget to reward yourself! You can do anything you set your mind to!

I don't know if this helped but GOOD LUCK!!

Everyone fits into only one personality type,
A.True
B.False

Answers

The answer is false!!! Have a good day

What Is NOT one of the three primary resources that farnilies have to reach financlal goals?

A.Education
B.Energy
C.Time
D.Money

Answers

Answer:

I think it would be education

Explanation:

Answer: A. Education

Explanation:

Are there times you would be willing to compromise your ethics for business gain?

Answers

As an AI language model, I do not possess ethics, values, or morals, nor do I have the capacity to compromise them. However, I can provide some insight on how humans approach this question.

Ethics are principles that guide individuals' behavior in making decisions that are right or wrong, and they are an essential aspect of any business. Companies operate in a competitive environment, where making ethical choices can sometimes put them at a disadvantage compared to their less principled competitors. Therefore, the temptation to compromise ethics for business gain may arise, especially in situations where the company is struggling financially or facing intense competition.

In conclusion, compromising ethics for business gain is never justified. It is essential for companies to establish a robust ethical framework that guides their behavior and decision-making processes, prioritize long-term benefits over short-term gains, and build a strong reputation as an ethical and responsible company.

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Ethics are principles that guide individuals' behavior in making decisions that are right or wrong, and they are an essential aspect of any business. Companies operate in a competitive environment, where making ethical choices can sometimes put them at a disadvantage compared to their less principled competitors.

Therefore, the temptation to compromise ethics for business gain may arise, especially in situations where the company is struggling financially or facing intense competition.

In conclusion, compromising ethics for business gain is never justified. It is essential for companies to establish a robust ethical framework that guides their behavior and decision-making processes, prioritize long-term benefits over short-term gains, and build a strong reputation as an ethical and responsible company.

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What types of planning can be done to im prove a nations economy?

A nation can undergo ____ planning or ___ planning in order to improve its economy.

Answers

Answer:

Explanation:

The economy can be defined as the production, consumption, and distribution of goods and services.

the gross domestic product generally called   GDP can be a major factor in the  growth of an economy .

business investment and consumer spending can lead a major role too.

spending money on infrastructure to create more jobopportunitiess and productivity by enablingbusinessess.

decrease in the amount of tax and refund taxes that go toward government revenue.

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Indicate the point where a monopoly will set its price.

Indicate the point where a monopoly will set its price.

Answers

Answer:

A monopoly will set its price at the point where marginal cost and marginal revenue intersects or meet (MC = MR).

Explanation:

A monopoly is a market structure which is typically characterized by a single-seller who sells a unique product in the market by dominance. Thus, it is a market structure wherein the seller has no competitor because he is solely responsible for the sale of unique products without close substitutes. Any individual that deals with the sales of unique products in a monopolistic market is generally referred to as a monopolist.

For example, a public power company that serves as the only power utility (electricity) provider to the public.

Generally, a monopoly will set its price at the point where marginal cost and marginal revenue intersects or meet (MC = MR). This is simply because a monopoly would derive the maximum profit at the point where MC = MR.

Answer:

The dot where green and red meet.

Explanation:

Imagine that you have no money and you have to leave home and live by yourself. Make a list of the ten most important things that you would take with you and explain why.

Answers

Answer:

food clothes water

Explanation:

their the basic needs of an individual

What is a difficulty with using gold as money?

Answers

Answer:

Gold money lacks most of these: It's not very durable, is hard to transport, is easy to counterfeit and is a variable store of value

Metro, Inc. Sells backpacks. The Company's accountant is preparing the purchases budget for the first quarter operations. Metro maintains ending inventory at 20% of the following month's expected cost of goods sold. Expected cost of goods sold for April is $70,000. All purchases are made on account with 25% of accounts paid in the month of purchase and the remaining 75% paid in the month following the month of purchase. Sales January February March Budgeted cost of goods sold $ 40,000 $ 50,000 $ 60,000 Plus: Desired ending inventory 10,000 Inventory needed 50,000 Less: Beginning inventory (8,000 ) Required purchases $ 42,000 Based on this information the total cash paid in March to settle accounts payable is

Answers

The total cash paid in March to settle accounts payable is $10,500 + $11,250 = $21,750.

To calculate the total cash paid in March to settle accounts payable, we need to consider the purchases made in February and March.

In February, the purchases were $42,000 * 25% = $10,500. This amount is paid in the month of purchase, so there is no outstanding payment for February purchases in March.

In March, the purchases were $60,000 * 25% = $15,000. Since 75% of accounts are paid in the month following the month of purchase, we need to calculate 75% of March purchases that are paid in March. 75% of $15,000 = $11,250.,the total cash paid in March to settle accounts payable is $10,500 + $11,250 = $21,750.

The purchases budget is prepared to estimate the amount of inventory that needs to be purchased during a specific period. It takes into account the expected cost of goods sold and the desired ending inventory. In this case, the expected cost of goods sold for April is given as $70,000. By subtracting the beginning inventory and adding the desired ending inventory, the required purchases for the first quarter are calculated.

The payment terms for the purchases are also considered in the budget. It is stated that 25% of accounts are paid in the month of purchase and the remaining 75% is paid in the following month. This means that a portion of the purchases made in February is paid in February itself, while the remaining portion is paid in March. Similarly, a portion of the purchases made in March is paid in March.

To determine the total cash paid in March to settle accounts payable, we need to calculate the amount of purchases that are paid in March. This includes the 25% of March purchases that are paid in March itself and the outstanding payment for the remaining 75% of February purchases. By adding these two amounts, we can find the total cash paid in March. In this case, the total cash paid in March to settle accounts payable is $21,750.

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When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must

Answers

When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.

This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.

To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.

Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.

Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.

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Identify which way the labor supply curve would shift under the following scenarios. a. A country experiences a huge influx of immigrants who are skilled in the textile industry b. wages increase in an industry that requires similar job skills c. Changes in technology increase the marginal productivity of labor

Answers

A country experiences a huge influx of immigrants who are skilled in the textile industry: The labor supply curve for the textile industry would shift to the right, indicating an increase in the quantity of labor supplied, as the influx of skilled immigrants increases the number of workers available to work in the industry.

b. Wages increase in an industry that requires similar job skills: The labor supply curve for the textile industry would shift to the left, indicating a decrease in the quantity of labor supplied, as workers switch from the textile industry to the higher-paying industry that requires similar job skills.

c. Changes in technology increase the marginal productivity of labor: The labor supply curve for the textile industry would shift to the left, indicating a decrease in the quantity of labor supplied, as workers become more productive and are able to produce more output with the same amount of labor.

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Resources needed to provide goods or services are called

Answers

Answer:

Factors of production

Explanation:

because the goods/services need to be produced

I hope this answered your question! Have a nice day! ^ ^

Answer: factors of production

Explanation:

I just took the edg. test  

Please help me the due date is tomorrow!!!
-Find one business/company
- Assess the company
i company background
ii company operation
iii ethical decision/operation taken by the company
iv assess the advantage and disadvantage

Answers

Sure, I can help you with that! Here is an assessment of Tesla, Inc. based on the criteria you provided:

i. Company background:

Tesla, Inc. is an American electric vehicle and clean energy company founded in 2003 by Elon Musk, JB Straubel, Martin Eberhard, Marc Tarpenning, and Ian Wright. Tesla designs and manufactures electric cars, battery storage systems, and solar panels. The company is headquartered in Palo Alto, California, and has manufacturing facilities in California, Nevada, New York, and China.

ii. Company operation:

Tesla's operations primarily revolve around the production of electric vehicles and energy storage solutions. The company has a strong focus on innovation and sustainability, and it aims to accelerate the world's transition to sustainable energy. Tesla produces several models of electric cars, including the Model S, Model X, Model 3, and Model Y. The company also sells solar panels and battery storage systems for homes and businesses.

iii. Ethical decisions/operations taken by the company:

Tesla has made several ethical decisions and operations in recent years. For example, the company has committed to sourcing all of its raw materials from sustainable sources and has implemented recycling programs to reduce waste. Additionally, Tesla has made a significant commitment to worker safety and has invested in developing advanced safety systems for its vehicles. The company has also been vocal about its support for climate action and has pledged to reduce its carbon footprint.

iv. Advantages and disadvantages:

Advantages:

Tesla is a leader in the electric vehicle market and has a strong brand reputation for innovation and sustainability.

The company's focus on sustainability has helped it attract customers who are interested in reducing their carbon footprint.

Tesla's energy storage solutions have the potential to help reduce dependence on fossil fuels.

Disadvantages:

Tesla faces significant competition from other electric vehicle manufacturers.

The high cost of Tesla's vehicles may limit the company's market reach.

The company's reliance on battery technology may pose challenges in terms of supply chain and availability of raw materials.

Overall, Tesla is a company with a strong commitment to sustainability and innovation, and it has the potential to play a significant role in reducing the world's carbon footprint. However, the company also faces challenges and limitations that may impact its future success.

ASAP PLS 25 PTS to address a falling GDP, a government may:

ASAP PLS 25 PTS to address a falling GDP, a government may:

Answers

The answer is C I believe so

5. Which of the following defines a short-term goal? (1 point) Otasks that you set to accomplish specific things in a short period of time Otasks that must be completed for a job performance evaluation Otasks that you must complete that require time and planning that usually take 12 months or more to complete Otasks that you think you need to accomplish in the future but need to start working on now

Answers

A short-term goal is defined as: A. tasks that you set to accomplish specific things in a short period of time.

What is a Short-Term Goal?

A short-term goal is a specific and achievable task or objective that a person sets out to accomplish within a relatively short period of time, usually less than a year.

These goals are intended to be completed quickly, helping individuals to move closer towards their long-term aspirations and provide a sense of progress and accomplishment. Short-term goals are often the building blocks towards larger, more significant achievements, and can help individuals stay motivated and focused on their overall objectives.

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PLEASE HELP ME!!!!

Agricultural managers need to
possess which of the following
skills?

A. The ability to start a business from scratch.

B. Understanding of the different kinds of
economies in the world.

C. Vast knowledge of equipment, shipping and
storage of products.

D. A masters degree in business administration.

Answers

Answer:

C. Vast knowledge of equipment, shipping andstorage of products.

Explanation:

the other answer is wrong, i j did this in my acellus

free 27 points, come on up, and see if u can earn them- i act weird

Answers

Answer:

haha i am wierd too i feel u

Explanation:

Answer:

i shall win them and im wierd also.

Explanation:

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Hello unsure how to complete the homework question please help Please help Spanish2 il give you 15 points!!u have to use paste tense ar verb The following substances dissolve when added to water. Classify the substances according to the strongest solute-solvent interaction that will occur between the given substances and water during dissolution. Drag the appropriate items to their respective bins. Not all bins may contain an item and some bins may contain multiple items.NH3 AlBr3 CH3OH AlCl Calculate the number of particles present in 56 grams of Nitrogen molecule. . An aquarium contains 50 gallons of water. When the plug is pulled, water drains from the aquarium at a rate of 2 gallons per minute. How many gallons of water still remain in the aquarium after 8 minutes? consider what happens when you push both a pin and the blunt end of a pen against your skin with the same force. decide what determines whether your skin is cut - the net force applied to it or the pressure. Assume a laminar b.l velocity profile of the simple form u/u- y/8 and calculate 5 and Cf on the basis of this very rough estimate, using the momentum integral method. How accurate is each? ICf is about 13% low.] Answer 2 through 4 please. Given the following figures for three units in a chain of restaurants operated under the name Grandmas Kitchen, calculate cost of food issued and cost of food consumed for each:a)Purchases$8,300.00Opening inventory2,688.00Closing inventory2,540.00Cooking liquor94.00Gratis to bar119.00b)Food to bar (directs)$189.00Closing inventory6,647.00Transfer to other units339.00Purchases19,472.00Steward sales53.00Transfer from other units223.00Opening inventory6,531.00c)Opening inventory$6,622.40Transfer from other units47.35Cooking liquor253.65Purchases24,182.55Closing inventory6,719.30Transfer to other units347.60Food to bar (directs)337.40Gratis to bar177.35 Which type of transformation is shown? 5. The armature of D.C. generator is laminated to (a) reduce the hysteresis (b) decrease the current (c)insulate the core (d)reduce eddy current loss Compute and plot the SCS triangular unit hydrograph for a 400 acre watershed that has been commercially developed (with a flow length of 1500 ft, slope of 3 percent, and soil group B). a coin lies submerged at the bottom of a pan of water. does refraction of light from the coin make it appear deeper or shallower than it really is? Light travels at the speed of 3,00,000 km per second. Light from the sun reaches us in 8 minutes. If a supersonic jet were to travel from the sun at the speed of 1000 km per hour, approximately how long would it take to travel the same distance? How can you allocate computing the same way on different platforms? A 200-N scaffold is held up by a wire at each end. The scaffold is 18 m long. A 650-N box sits 3.0 m from the left end. What is the tension in each wire A force of 15 N is used to push a box along the floor a distance of 3 meters. Find the amount of work done. The infant measured 20 in (50 cm) at birth. if the infant is following a normal pattern of growth, which range would be an expected height for this child at the age of 12 months? 7) What is the total cost of a Pay Day Loan if the loan was $700 with a finance charge of 19% and it was rolled over 5 times? Please show yourwork HELP PLEASE!!!!!!!!!!!!!!!!!