Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 14, 2024

Pat is 19 years old, he buys 25/50/50 liability insurance, collision insurance with a $250 deductible, and comprehensive insurance with a $100 deductible. What is

Pat is 19 years old, he buys 25/50/50 liability insurance, collision insurance with a $250 deductible, and comprehensive insurance with a $100 deductible. What is his total premium?

A. $2337.00

B. $1674.85

C. $1129.55

D. $779.00

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

An Introduction to the Mathematics of financial Derivatives

Authors: Salih N. Neftci

2nd Edition

978-0125153928, 9780080478647, 125153929, 978-0123846822

More Books

Students also viewed these Mathematics questions

Question

★★★★★

The trial balances of Orton Company follow with the accounts arranged in alphabetic order. Analyze the data and prepare (a) The adjusting entries and (b) The closing entries made by Orton Company....

Answered: 1 week ago

Question

★★★★★

(Scan for Question 2: _ of 5 points) 2. The scatter plot shows the dimensions of the rectangles used in a piece of abstract art. (a) Are there any clusters or outliers in the data? Explain. (b)...

Answered: 1 week ago

Question

★★★★★

=+ a. Why does it slope downward initially?

Answered: 1 week ago

Question

★★★★★

Gleason Co. uses the percentage-of-receivables basis to record bad debt expense. It estimates that 1% of accounts receivable will become uncollectible. Accounts receivable are $420,000 at the end of...

Answered: 1 week ago

Question

★★★★★

Pat is 19 years old, he buys 25/50/50 liability insurance, collision insurance with a $250 deductible, and comprehensive insurance with a $100 deductible. What is his total premium? A. $2337.00 B....

Answered: 1 week ago

Question

★★★★★

1. How did you measure the beta of each division? 2. What is the cost of capital for Marriott's contract services division? (Note that the case does not provide any information regarding publicly...

Answered: 1 week ago

Question

★★★★★

() Imagine having a computational "budget" of using the the Trapezoidal Rule with 8 subintervals on any given problem, and being interested in integrals of the form I (r) = ( e dar, where r is a...

Answered: 1 week ago

Question

★★★★★

Fikile's Furnishers manufactures wooden tables for the local market. The production figures are shown in the table below: 2017 2018 2019 2020 Output 560 500 678 500 779 050 1 050 225 Number of...

Answered: 1 week ago

Question

★★★★★

A company has 100,000 shares of common stock outstanding. The company's net income is $500,000 and its P/E ratio is 9. What is the company's stock price? 0000 $55 535 C $45 d $25

Answered: 1 week ago

Question

★★★★★

"O" COMPANY The "O" Company manufactures large hydraulic units. One of the most difficult items to manufacture is the hydraulic cylinder. The cylinder housing is fabricated from a malleable iron...

Answered: 1 week ago

Question

★★★★★

Part #2 Please Help answer Below Hypothesis test for a mean earnings" yariable) (see each section) 1-6 State the assumptions for this test. Alpha-.05 Part 2 In part 2, you will calculate hypothesis...

Answered: 1 week ago

Previous Question Next Question