This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Universal Insurance Company does business in a state having no-fault insurance. An insured carries ... (Read 86 times)

jc611

  • Hero Member
  • *****
  • Posts: 552
on: Jun 24, 2018
Universal Insurance Company does business in a state having no-fault insurance. An insured carries all three classifications of insurance, with a 500 deductible for collision. The insured paid an annual premium of 2,790 . The insured fell asleep at the wheel and had medical expenses for himself of 1,280 and auto repair expenses of 800 . Compute the amount that Universal Insurance Company premium was over the amount the insurance company paid in benefits.

Question 2

Compute the present value of 12 semiannual payments of 6,00 . each if interest is 8 compounded semiannually. Use Tables 23-2A and 23-2B or a calculator.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

SAUXC

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jun 24, 2018
Answer to Question 1

1,210

Answer to Question 2

6,00 .  9.38507 = 56,310.42 present value


jc611

  • Member
  • Posts: 552
Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

mochi09

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Cirrhosis. Cirrhosis is characterized by a chronic deterioration of the liver, replacing healthy cel Cirrhosis. Cirrhosis is characterized by a chronic deterioration of the liver, replacing healthy cel
Trans-Alaska Pipeline System (TAPS) Crosses the Active Strike-Slip Denali Fault Trans-Alaska Pipeline System (TAPS) Crosses the Active Strike-Slip Denali Fault
How Safe Is Your State? Violent Crime in the United States How Safe Is Your State? Violent Crime in the United States
A platinum tipped spark plug that is fuel soaked indicating a fault with the fuel system or the ... A platinum tipped spark plug that is fuel soaked indicating a fault with the fuel system or the ...
This headache remedy was “guaranteed” by the drug company; 1906. This headache remedy was “guaranteed” by the drug company; 1906.
Conversion of F+ to an Hfr state occurs by integration of the F factor Conversion of F+ to an Hfr state occurs by integration of the F factor
Video: X chromosome inactivation in calico cats

For a complete list of videos, visit our video library