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 116 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
Wow, this really help

sultansheikh

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

« previous next »
 

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Collapse of State Trooper Cave’s Roof Collapse of State Trooper Cave’s Roof
Christo, Over the River, Project for the Arkansas River, State of Colorado. Christo, Over the River, Project for the Arkansas River, State of Colorado.
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 ...
Legal Environment of Business: Online Commerce, Ethics, and Global Issues (Cheeseman) Legal Environment of Business: Online Commerce, Ethics, and Global Issues (Cheeseman)
Some Universal Expressions Some Universal Expressions
State the transformations on the function f(x)= 4sin(x-pi)-2 and then graph two cycles below. State the transformations on the function f(x)= 4sin(x-pi)-2 and then graph two cycles below.
Video: Oral Hygiene & Braces Animation

For a complete list of videos, visit our video library