« previous next »

Author Question: Driver Sanders has a poor driving record and pays triple the regular premium. The regular premium ... (Read 219 times)

newbem

  • Hero Member
  • *****
  • Posts: 579
on: Jun 24, 2018
Driver Sanders has a poor driving record and pays triple the regular premium. The regular premium would be 2,100 and covers Sanders for all three classifications of insurance with a 500 deductible for auto collision. During the year, Sanders sideswiped a row of parked cars. Repairs to the parked cars cost 1,870, 4,950, 2,340, and 378 . Repairs to Sanders' car cost 490 . Compute the amount the insurance company paid out in benefits over the amount it received in premium for this policy.

Question 2

An investment guarantees to return a minimum of 9 compounded annually for 11 years. What is the total present value of 11 annual withdrawals of 3,00 . each? Use Tables 23-2A and 23-2B or a calculator.


234sdffa

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 24, 2018
Answer to Question 1

3,238

Answer to Question 2

3,00 .  6.80519 = 20,415.57 present value


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

newbem

  • Hero Member
  • *****
  • Posts: 579
Reply #2 on: Jun 24, 2018
Thank you :)


234sdffa

  • Sr. Member
  • ****
  • Posts: 341
Reply #3 on: Jun 24, 2018
Happy to help you


« previous next »
 

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha
Harlem’s Promise Academy has a record of graduating and sending to college more than 90 percent ... Harlem’s Promise Academy has a record of graduating and sending to college more than 90 percent ...
An example of a late entry to the medical record. An example of a late entry to the medical record.
Radioactive protection services record book and two badge-style dosimeters. Radioactive protection services record book and two badge-style dosimeters.
How to calculate regular payments or deposits using the annuity formula (Question 2) How to calculate regular payments or deposits using the annuity formula (Question 2)
DID YOU KNOW? DRIVING FAST CAUSES HAIR LOSS DID YOU KNOW? DRIVING FAST CAUSES HAIR LOSS
Video: Major Elements in Biological Molecules: Proteins

For a complete list of videos, visit our video library