This topic contains a solution. Click here to go to the answer

Author Question: Manley Insurance Company does business in a state having no-fault insurance. An insured carries all ... (Read 197 times)

LaDunn

  • Hero Member
  • *****
  • Posts: 526
Manley Insurance Company does business in a state having no-fault insurance. An insured carries all classifications of insurance, with a 500 deductible for collision. The insured paid an annual premium of 2,770 . The insured struck a telephone pole causing medical expenses of 2,340 for his passenger, 620 damage to his car, and 1,840 damage to property. How much more did Manley Insurance Company pay out on behalf of the insured than it received as his annual premium?

Question 2

An investment guarantees to return a minimum of 8 compounded annually for 12 years. What is the total present value of 12 annual withdrawals of 3,500 each? 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

snackralk

  • Sr. Member
  • ****
  • Posts: 363
Answer to Question 1

1,530

Answer to Question 2

3,500  7.53608 = 26,376.28 present value




LaDunn

  • Member
  • Posts: 526
Reply 2 on: Jun 24, 2018
Wow, this really help


kishoreddi

  • Member
  • Posts: 329
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

For a complete list of videos, visit our video library