A 3-year magazine subscription costs $123 and may be canceled at any time, and a prorated refund will be made for the remaining weekly issues. If Alan cancels his subscription after receiving 22 issues in the 2nd year, what refund would he get?

Question

A 3-year magazine subscription costs $123 and may be canceled at any time, and a prorated refund will be made for the remaining weekly issues. If Alan cancels his subscription after receiving 22 issues in the 2nd year, what refund would he get?
Assume there are exactly 52 weeks in a year. For full marks your answer(s) should be rounded to the nearest cent.

bobpursley · Answer

what is the cost per issue? 123/(52*3) How many issues remain after 22? refund=costperissue*remainingissues