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Option A Option B Option C Option D
<br /> Hours 960 960 1,800 2,700
<br /> Salary $32.66 $32.66 $32.66 $32.66
<br /> Percent 50% 65% 65% 65%
<br /> Net 15,676.80 20,379.84 38,212.20 57,318.30
<br /> Years @ 400/month 4.25 7.96 11.94
<br /> Interest rate 5.5% 5.5% 5.5%
<br /> Insurance Interest Balance Insurance Interest Balance Insurance Interest Balance
<br /> 15,676.80 18,138.26 30,888.33 41,951.83
<br /> 1 400.00 83.13 17,821.39 400.00 141.57 30,629.90 400.00 192.28 41,744.11
<br /> 2 400.00 81.68 17,503.07 400.00 140.39 30,370.29 400.00 191.33 41,535.44
<br /> 3 400.00 80.22 17,183.29 400.00 139.20 30,109.49 400.00 190.37 41,325.81
<br /> 4 400.00 78.76 16,862.05 400.00 138.00 29,847.49 400.00 189.41 41,115.22
<br /> 5 400.00 77.28 16,539.33 400.00 136.80 29,584.29 400.00 188.44 40,903.66
<br /> 6 400.00 75.81 16,215.14 400.00 135.59 29,319.88 400.00 187.48 40,691.14
<br /> 7 400.00 74.32 15,889.46 400.00 134.38 29,054.26 400.00 186.50 40,477.64
<br /> 8 400.00 72.83 15,562.29 400.00 133.17 28,787.43 400.00 185.52 40,263.16
<br /> 9 400.00 71.33 15,233.62 400.00 131.94 28,519.37 400.00 184.54 40,047.70
<br /> 10 400.00 69.82 14,903.44 400.00 130.71 28,250.08 400.00 183.55 39,831.25
<br /> 11 400.00 68.31 14,571.75 400.00 129.48 27,979.56 400.00 182.56 39,613.81
<br /> 12 400.00 66.79 14,238.54 400.00 128.24 27,707.80 400.00 181.56 39,395.37
<br /> 13 400.00 65.26 13,903.80 400.00 126.99 27,434.79 400.00 180.56 39,175.93
<br /> 14 400.00 63.73 13,567.53 400.00 125.74 27,160.53 400.00 179.56 38,955.49
<br /> 15 400.00 62.18 13,229.71 400.00 124.49 26,885.02 400.00 178.55 38,734.04
<br /> 16 400.00 60.64 12,890.35 400.00 123.22 26,608.24 400.00 177.53 38,511.57
<br /> 17 400.00 59.08 12,549.43 400.00 121.95 26,330.19 400.00 176.51 38,288.08
<br /> 18 400.00 57.52 12,206.95 400.00 120.68 26,050.87 400.00 175.49 38,063.57
<br /> 19 400.00 55.95 11,862.90 400.00 119.40 25,770.27 400.00 174.46 37,838.03
<br /> 20 400.00 54.37 11,517.27 400.00 118.11 25,488.38 400.00 173.42 37,611.45
<br /> 21 400.00 52.79 11,170.06 400.00 116.82 25,205.20 400.00 172.39 37,383.84
<br /> 22 400.00 51.20 10,821.26 400.00 115.52 24,920.72 400.00 171.34 37,155.18
<br /> 23 400.00 49.60 10,470.86 400.00 114.22 24,634.94 400.00 170.29 36,925.47
<br /> 24 400.00 47.99 10,118.85 400.00 112.91 24,347.85 400.00 169.24 36,694.71
<br /> 25 400.00 46.38 9,765.23 400.00 111.59 24,059.44 400.00 168.18 36,462.89
<br /> 26 400.00 44.76 9,409.99 400.00 110.27 23,769.71 400.00 167.12 36,230.01
<br /> 27 400.00 43.13 9,053.12 400.00 108.94 23,478.65 400.00 166.05 35,996.06
<br /> 28 400.00 41.49 8,694.61 400.00 107.61 23,186.26 400.00 164.98 35,761.04
<br /> 29 400.00 39.85 8,334.46 400.00 106.27 22,892.53 400.00 163.90 35,524.94
<br /> 30 400.00 38.20 7,972.66 400.00 104.92 22,597.45 400.00 162.82 35,287.76
<br /> 31 400.00 36.54 7,609.20 400.00 103.57 22,301.02 400.00 161.74 35,049.50
<br /> 32 400.00 34.88 7,244.08 400.00 102.21 22,003.23 400.00 160.64 34,810.14
<br /> 33 400.00 33.20 6,877.28 400.00 100.85 21,704.08 400.00 159.55 34,569.69
<br /> 34 400.00 31.52 6,508.80 400.00 99.48 21,403.56 400.00 158.44 34,328.13
<br /> 35 400.00 29.83 6,138.63 400.00 98.10 21,101.66 400.00 157.34 34,085.47
<br /> 36 400.00 28.14 5,766.77 400.00 96.72 20,798.38 400.00 156.23 33,841.70
<br /> 37 400.00 26.43 5,393.20 400.00 95.33 20,493.71 400.00 155.11 33,596.81
<br /> 38 400.00 24.72 5,017.92 400.00 93.93 20,187.64 400.00 153.99 33,350.80
<br /> 39 400.00 23.00 4,640.92 400.00 92.53 19,880.17 400.00 152.86 33,103.66
<br /> 40 400.00 21.27 4,262.19 400.00 91.12 19,571.29 400.00 151.73 32,855.39
<br /> 41 400.00 19.54 3,881.73 400.00 89.70 19,260.99 400.00 150.59 32,605.98
<br /> 42 400.00 17.79 3,499.52 400.00 88.28 18,949.27 400.00 149.44 32,355.42
<br /> 43 400.00 16.04 3,115.56 400.00 86.85 18,636.12 400.00 148.30 32,103.72
<br /> 44 400.00 14.28 2,729.84 400.00 85.42 18,321.54 400.00 147.14 31,850.86
<br /> 45 400.00 12.51 2,342.35 400.00 83.97 18,005.51 400.00 145.98 31,596.84
<br /> 46 400.00 10.74 1,953.09 400.00 82.53 17,688.04 400.00 144.82 31,341.66
<br /> 47 400.00 8.95 1,562.04 400.00 81.07 17,369.11 400.00 143.65 31,085.31
<br /> 48 400.00 7.16 1,169.20 400.00 79.61 17,048.72 400.00 142.47 30,827.78
<br /> 49 400.00 5.36 774.56 400.00 78.14 16,726.86 400.00 141.29 30,569.07
<br /> 50 400.00 3.55 378.11 400.00 76.66 16,403.52 400.00 140.11 30,309.18
<br /> 51 379.84 1.73 0.00 400.00 75.18 16,078.70 400.00 138.92 30,048.10
<br /> 52 400.00 73.69 15,752.39 400.00 137.72 29,785.82
<br /> 53 400.00 72.20 15,424.59 400.00 136.52 29,522.34
<br /> 54 400.00 70.70 15,095.29 400.00 135.31 29,257.65
<br /> 55 400.00 69.19 14,764.48 400.00 134.10 28,991.75
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