Padma's semi-annual premium is $975.00. She has the choice of paying the full amount or paying half. If she pays half, she will be charged $489.50 each payment, which includes an administrative fee. What is the total amount of the administrative fee?

Padma's semi-annual premium is $975.00. She has the choice of paying the full amount or paying half. If she pays half, she will be charged $489.50 each payment, which includes an administrative fee. What is the total amount of the administrative fee?

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter5: Gross Income: Exclusions

Section: Chapter Questions

Problem 24CE

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