Thomas Insurance Company does business in a state having no-fault ...

[luminitza]

Thomas Insurance Company does business in a state having no-fault insurance. Driver Jones is insured by Thomas Insurance Company and carries only no-fault insurance. Jones skids on a curve and hits a fruit stand. Medical expenses for Jones are 720 and are 630 for the only passenger. Repairs to the car cost 1,300 . Repairs for the fruit stand cost 420 . Compute the amount Jones and Thomas Insurance Company each had to pay toward repairs and medical expenses.

Question 2

From one of her retirement annuities, Grace Yasui will receive 3,00 . each quarter for 5 years. If Grace earns an interest rate of 8 compounded quarterly, compute the present value of these payments. Use Tables 23-2A and 23-2B or a calculator.

[234sdffa]

Answer to Question 1

Jones: 1,720; Thomas Insurance Company: 1,350

Answer to Question 2

3,00 .  16.35143 = 49,054.29 present value

[luminitza]

YES! Correct, THANKS for helping me on my review

[bdobbins]

Thanks for the timely response, appreciate it