Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

MAT 106Business and Finance Basics III and Statistics Question16of20:Select the best answer for the question.16. T.J. bought fire insurance for his pizza shop for $200,000

image text in transcribed

MAT 106Business and Finance Basics III and Statistics Question16of20:Select the best answer for the question.16. T.J. bought fire insurance for his pizza shop for $200,000 at an annual rate per $100 of $.49. At the end of 10 months, T.J. canceled the policy since his pizza shop went out of business. Using the tables found in the textbook, determine the refund to T.J.A.$852.60B.$980C.$186.20D.$127.40

image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Technical Analysis The Complete Resource for Financial Market Technicians

Authors: Charles D. Kirkpatrick, Julie R. Dahlquist

1st edition

134137043, 134137049, 978-0131531130

More Books

Students also viewed these Finance questions