Question
You are given the following calendar year earned premium: CY 2012 2013 2014 Earned Premium 4253 4700 5005 You are also given the following rate
You are given the following calendar year earned premium:
CY 2012 2013 2014 Earned Premium 4253 4700 5005
You are also given the following rate changes; Date Rate Change April 1, 2011 +12.0% September 1, 2012 +6.0% July 1, 2013 +10.0%
Determine the approximate earned premium at current (end of 2014) rates for 2013.
You are given the following calendar year earned premium: CY Earned Premium 2012 4253 2013 4700 2014 5005 You are also given the following rate changes; Date April 1, 2011 September 1, 2012 July 1, 2013 Rate Change +12.0% +6.0% +10.0% Determine the approximate earned premium at current (end of 2014) rates for 2013. You are given the following calendar year earned premium: CY Earned Premium 2012 4253 2013 4700 2014 5005 You are also given the following rate changes; Date April 1, 2011 September 1, 2012 July 1, 2013 Rate Change +12.0% +6.0% +10.0% Determine the approximate earned premium at current (end of 2014) rates for 2013Step by Step Solution
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Public Finance
Authors: Harvey Rosen, Robert Guell, Ted Gayer
9th Edition
0073511358, 9780073511351
