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You have broken your arm and your major medical insurance does not cover $520 of the...

You have broken your arm and your major medical insurance does not cover $520 of the expenses. You can direct $85 from each paycheck (every other week) toward paying this bill.

What payment period will you try to negotiate with the medical center in order to pay the bill in full? (Round the final answer up to the next full week.)

Requested payment period weeks

Solutions

Expert Solution

Amount due = $ 520

Payment amount = $85

Gap of payments = 2 weeks

Hence number of bi weekly payments = 520/85 =

6.117647

Number of weeks required to pay = 6.117647*2 = 12.23529

rounded off to 13 weeks

jeff jeffy answered 2 years ago
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