« previous next »

Author Question: An insured carries all three classifications of insurance, with a deductible of 500 for collision. ... (Read 197 times)

londonang

  • Hero Member
  • *****
  • Posts: 540
on: Jun 24, 2018
An insured carries all three classifications of insurance, with a deductible of 500 for collision. The insured paid an annual premium of 1,720 . The insured backed into a car in a parking lot, causing 580 damage to the car of the insured and 1,770 damage to the other car. Compute the amount that the insurance company made from the insured this year.

Question 2

15,00 . (present value) is borrowed today at 12 compounded quarterly. The loan will be amortized over 4 years with equal quarterly payments. Compute the quarterly payments that are required to exactly pay off the loan. Use Tables 23-2A and 23-2B or a calculator.


DylanD1323

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Jun 24, 2018
Answer to Question 1

0

Answer to Question 2

15,00 .  12.56110 = 1,194.16 quarterly payments


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Erythroblastosis fetalis. (a) The condition occurs with an RH+ father and RH– mother. (b) First preg Erythroblastosis fetalis. (a) The condition occurs with an RH+ father and RH– mother. (b) First preg
Different Classifications of Solar System Objects Different Classifications of Solar System Objects
Collision Between Two Asteroids Collision Between Two Asteroids
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
The poverty of the Least Industrialized Nations carries over to their educational system. These ... The poverty of the Least Industrialized Nations carries over to their educational system. These ...
Epilepsy Classifications and Symptoms Epilepsy Classifications and Symptoms
Video: Major Elements in Biological Molecules: Nucleic acids

For a complete list of videos, visit our video library