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

Author Question: You charged 1,000 on your credit card for Christmas presents. Your credit card company charges you ... (Read 223 times)

lak

  • Hero Member
  • *****
  • Posts: 546
on: Jul 11, 2018
You charged 1,000 on your credit card for Christmas presents. Your credit card company charges
  you 26 annual interest, compounded monthly.
 
  If you make the minimum payments of 25 per
  month, how long will it take (to the nearest month) to pay off your balance?
  A) 54 months B) 40 months C) 94 months D) 79 months

Question 2

Andrea purchased an auto insurance policy with bodily injury liability limits of 250/500 (250,000/500,000). She also purchased a personal umbrella policy with a 1 million limit and a 500 self-insured retention.
 
  Andrea was talking on her cell phone while driving, and her car struck and killed a pedestrian in a crosswalk. The court ordered her to pay 750,000 to the spouse of the person she killed. How will this claim be settled?
  A) The umbrella policy will pay 749,500.
  B) Each policy will pay 375,000.
  C) 250,000 will be paid under the auto policy and 500,000 will be paid by the umbrella policy.
  D) The auto policy will pay 250,000, Andrea will pay 500, and the umbrella policy will pay 499,500.
Foundations of Finance ¦ Keown, Petty, Martin ¦ 9th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Dominic

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jul 11, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 55% of students answer this correctly


lak

  • Member
  • Posts: 546
Reply 2 on: Jul 11, 2018
Wow, this really help

carojassy25

  • Member
  • Posts: 299
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Pharmaceutical Company Representatives Pharmaceutical Company Representatives
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)= ...
An organizational specialist is hired as a consultant to a company planning to open a coffee ... An organizational specialist is hired as a consultant to a company planning to open a coffee ...
An electrician charges a flat fee of $90 for a home service call. In addition he charges $25 ... An electrician charges a flat fee of $90 for a home service call. In addition he charges $25 ...
Your company advertises all prices on the menu board as a final price, including HST of 13%. A ... Your company advertises all prices on the menu board as a final price, including HST of 13%. A ...
Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ... Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ...
Video: What are Taste Receptors? How Does it Work? Animation

For a complete list of videos, visit our video library