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Mr. Bachner wants to insure his home, which is valued at $356,000. The annual rate is $.56 per $100, and the term rate for five years is 4.4 times the annual rate. How much will Mr. Bachner save by insuring his home under the five-year term instead of paying the annual rate for the five years?

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Mr. Bachner wants to insure his home, which is valued at $356,000. The annual rate is $.56 per $100, and the term rate for five years is 4.4 times the annual rate. How much will Mr. Bachner save by insuring his home under the five-year term instead of paying the annual rate for the five years?






 
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