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

Author Question: Driver Buckley lives in a state having no-fault auto insurance. Goodroads Insurance Company insures ... (Read 134 times)

sheilaspns

  • Hero Member
  • *****
  • Posts: 567
on: Jun 24, 2018
Driver Buckley lives in a state having no-fault auto insurance. Goodroads Insurance Company insures Buckley for no-fault insurance only. Buckley's car is struck by a truck while waiting at a stop light. Medical expenses for Buckley and passenger are 547 . Repairs to Buckley's car cost 320 . Six months later, a car backs out of an alley and hits Buckley's car, causing medical expenses of 950 for Buckley and passenger and 1,249 for repairs to Buckley's car. Compute the amount Goodroads Insurance Company pays for Buckley's involvement in accidents this year.

Question 2

Frances Koo has 43,800 in an investment account that pays her interest at 10 compounded semiannually. Frances will withdraw a specific amount (always the same) every six months for 11 years. After the last withdrawal, the account will be empty. Compute the amount that she will withdraw every six months. 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

cam1229

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 24, 2018
Answer to Question 1

1,497

Answer to Question 2

43,800  13.16300 = 3,327.51 withdrawn every 6 months


sheilaspns

  • Member
  • Posts: 567
Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review

Bigfoot1984

  • Member
  • Posts: 321
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

This chart illustrates the four quadrants in which we can place the relationships between the state This chart illustrates the four quadrants in which we can place the relationships between the state
Christo, Over the River, Project for the Arkansas River, State of Colorado. Christo, Over the River, Project for the Arkansas River, State of Colorado.
Enthalpic stabilization of the transition state in an enzyme-catalyzed reaction Enthalpic stabilization of the transition state in an enzyme-catalyzed reaction
Effect of Increasing the Investment Rate on the Steady State Effect of Increasing the Investment Rate on the Steady State
Pharmaceutical Company Representatives Pharmaceutical Company Representatives
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: Secretin (inhibiting gastric acid secretion), Cholecystokinin (fat digestion) & Cholecystokinin

For a complete list of videos, visit our video library