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 217 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 Compute the monthly payment that can be withdrawn each month for 2 years and empty the account.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

amcvicar

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

During their annual migration, the entire population of Arctic terns move from the Arctic Ocean in t During their annual migration, the entire population of Arctic terns move from the Arctic Ocean in t
China’s 8% annual increase in oil consumption China’s 8% annual increase in oil consumption
Per capita annual alcohol consumption (2005) Per capita annual alcohol consumption (2005)
How does your baby grow up starting from 4th month? How does your baby grow up starting from 4th month?
Difference Between a Sidereal Month and a Synodic Month Difference Between a Sidereal Month and a Synodic Month
What is the discounted value of deposits of $150.00 made at the end of each month for fourteen ... What is the discounted value of deposits of $150.00 made at the end of each month for fourteen ...
Video: Audiology

For a complete list of videos, visit our video library