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

Author Question: Safeco Insurance Company insured Driver Fitzwater at an annual premium of 3,300 . After one month, ... (Read 218 times)

LaDunn

  • Hero Member
  • *****
  • Posts: 526
on: Jun 24, 2018
Safeco Insurance Company insured Driver Fitzwater at an annual premium of 3,300 . After one month, Fitzwater sold the car and canceled the insurance. Safeco Insurance Company refunded the remaining 11 months' premium at the short rate based on a 15 penalty. Compute the amount that the one month of insurance cost Fitzwater.

Question 2

4,00 . (present value) is deposited today at 9 compounded monthly. Compute the monthly payment that can be withdrawn each month for 2 years and empty the account. 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

dpost18

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jun 24, 2018
Answer to Question 1

770

Answer to Question 2

4,00 .  21.88915 = 182.74 monthly payments


LaDunn

  • Member
  • Posts: 526
Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

billybob123

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

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

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Annual Rings Annual Rings
Shope’s Model of Young Driver Crash Risks The model shows that many factors contribute to crash ris Shope’s Model of Young Driver Crash Risks The model shows that many factors contribute to crash ris
When the United States gets stuck over a controversial issue—usually something a divided Congress ca When the United States gets stuck over a controversial issue—usually something a divided Congress ca
Poverty comes in many forms. Families who go into debt to buy possessions squeak by month after ... Poverty comes in many forms. Families who go into debt to buy possessions squeak by month after ...
Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ... Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ...
Jamal plans to retire in 17 years. He is saving $2000 every start of the month in a retirement ... Jamal plans to retire in 17 years. He is saving $2000 every start of the month in a retirement ...
Video: Types of disease resistance: innate defenses & immunity

For a complete list of videos, visit our video library