« previous next »

Author Question: Driver Sanders has a poor driving record and pays triple the regular premium. The regular premium ... (Read 215 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?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Left: This web was woven by a 17-day-old spider, showing regular patterns. Right: This web was woven Left: This web was woven by a 17-day-old spider, showing regular patterns. Right: This web was woven
A mother dies, a father loses his leg—such calamities shattered poor urban families. Orphaned street A mother dies, a father loses his leg—such calamities shattered poor urban families. Orphaned street
Computerized Patient Record (CPR) Computerized Patient Record (CPR)
Press with fingertips around the ear over the pathways of Gallbladder and Triple Burner meridians. ... Press with fingertips around the ear over the pathways of Gallbladder and Triple Burner meridians. ...
Unusual base pairings in tRNA: (c, d) Some examples of triple interactions Unusual base pairings in tRNA: (c, d) Some examples of triple interactions
Drinking and driving can be deadly Drinking and driving can be deadly
Video: Stages of Mitosis - Prophase, Prometaphase, Metaphase, Anaphase & Telophase

For a complete list of videos, visit our video library