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

Author Question: Safeco Insurance Company insured Driver Fitzwater at an annual premium of 3,300 . After one month, ... (Read 228 times)

LaDunn

  • Hero Member
  • *****
  • Posts: 526
on: Jun 24, 2018
Safeco Insurance Company insured Driver Fitzwater at an annual premium of 3,300 . After one month, Fitzwater sold the car and canceled the insurance. Safeco Insurance Company refunded the remaining 11 months' premium at the short rate based on a 15 penalty. Compute the amount that the one month of insurance cost Fitzwater.

Question 2

4,00 . (present value) is deposited today at 9 compounded monthly. Compute the monthly payment that can be withdrawn each month for 2 years and empty the account. 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

dpost18

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jun 24, 2018
Answer to Question 1

770

Answer to Question 2

4,00 .  21.88915 = 182.74 monthly payments


LaDunn

  • Member
  • Posts: 526
Reply 2 on: Jun 24, 2018
:D TYSM

6ana001

  • Member
  • Posts: 311
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

The Dederiyeh I infant from Syria preserves nearly the entire skeleton of a 17- to 19- month-old Nea The Dederiyeh I infant from Syria preserves nearly the entire skeleton of a 17- to 19- month-old Nea
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 annual pattern of rings changes with ocean temperature and coral health The annual pattern of rings changes with ocean temperature and coral health
A company that sells sweatshirts finds that the profit can be modelled by P(s)= ... A company that sells sweatshirts finds that the profit can be modelled by P(s)= ...
Nader makes semi-annual payments of $3000 to pay off his loan. Because of unemployment, he ... Nader makes semi-annual payments of $3000 to pay off his loan. Because of unemployment, he ...
Typical injuries of an unrestrained driver. Typical injuries of an unrestrained driver.
Video: Neurosynapse Animation

For a complete list of videos, visit our video library