Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 12, 2024

Mark's house is insured for $251400, and he has been paying premiums for the past 10 years. Mark's home was wiped out in a hurricane.

Mark's house is insured for $251400, and he has been paying premiums for the past 10 years. Mark's home was wiped out in a hurricane. The face value of the policy is $251400, the remaining mortgage is $129000, and the appraised value is $211400. How much can he recover from his insurance company for the loss?

- $251400

- $82400

- $129000

- $211400

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Derivative Investments An Introduction To Structured Products

Authors: Richard D. Bateson

1st Edition

1848167113, 9781848167117

More Books

Students also viewed these Finance questions

Question

★★★★★

The following display is adapted from an article in Fortune. Interpret the chart, and find the mean and standard deviation of the data, viewed as a population. Insanely Lucrative Number of Apple...

Answered: 1 week ago

Question

★★★★★

Book sales, part 2. Here is some additional information about the fiction books sales data presented in Exercise

Answered: 1 week ago

Question

★★★★★

Describe how logical and physical representations of a To-Be system will differ. Describe each of the three generic phases of the information systems development life cycle.

Answered: 1 week ago

Question

★★★★★

Question 15 (0.2 points) The preferred stock of company XYZ pays preferred stock dividend of $2 each year assuming the required rate of return is 5%, what is the price of this preferred stock in $

Answered: 1 week ago

Question

★★★★★

S3-3 (book/static) EQuestion Help Kirkland Furniture is a manufacturing plant that makes a variety of tables, benches, and other furniture. Indicate which inventory account(s) would be affected by...

Answered: 1 week ago

Question

★★★★★

Find five interesting facts in Tables 1.4 and 1.5. DATA FROM TABLE 1.5 TABLE 1.4 Broad Categories of Exports of Selected Countries, 2010 SITC Code Product United United States Germany Japan China...

Answered: 1 week ago

Question

★★★★★

Use Table 1.1 to find three countries that have gone from being mostly closed to being open from 1980 to 2009. Also, find three countries where the reverse has happened. What has been the implication...

Answered: 1 week ago

Question

★★★★★

Use the data in Table 6.7 to compare U.S. protectionist policies with those of Japan. In what sectors are protection levels relatively equal? Where do they differ? Try to explain these patterns....

Answered: 1 week ago

Question

★★★★★

Customer demand for some finished good is forecast at 1,000 units for January, 2,000 units for February, and 3,000 units for March. If the company that produces this finished good has nothing in...

Answered: 1 week ago

Question

★★★★★

Consider the random phasor sum of Section 2.9 with the single change that the phases $\phi_{k}$ are uniformly distributed on $(-\pi / 2, \pi / 2)$. Find the following quantities: \(\bar{r},...

Answered: 1 week ago

Question

★★★★★

Using Maslows needs hierarchy, where do you think Neumann is focusing his motivational efforts? Explain why.

Answered: 1 week ago

Question

★★★★★

Neumann has been likened to a motivational speaker such as Tony Robbins. Why are effective leaders good motivators?

Answered: 1 week ago

Question

★★★★★

Some managers say that what gets measured gets done. Do you agree? What does this have to do with setting objectives?

Answered: 1 week ago

Previous Question Next Question