Assume James owns a HO3 policy with the following limits:Coverage A. $120,000Coverage B $ 12,000Coverage C $ 60,000Coverage D $ 36,000Coverage E $100,000Coverage F: $ 5,000The replacement cost of James home is $130,000, and depreciation on the home is set at 30%.Assume that the policy has 80% coinsurance requirement. Indicate the extent to which each ofthe following losses would be covered under James Homeowners 3. Assume there is nodeductible1. To meet the coinsurance requirement, how much should the policy limit be for the dwelling?Show vour work.2. Did James meet the coinsurance requirement ? Show your calculation.3. Lightning strikes the roof of the house and severely damages it The actual cash value of thedamaged roof is $11.200, and it will cost $16,000 to replace the damaged portion.a) Is lightning a covered peril here? Circle one: Yes (go to part b)b) If yes, how much would the insurer pay?c) If no, explain why.No (go to part c)

Coinsurance formula determines the reimbursement amount a home owner will get from a claim. 80%…

Answered: 2. Did James meet the coinsurance…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Nathan decided to invest 10000 CZK. He could earn either (as net yield after subtracting the principal sum) 1000 CZK or he could lose invested money. Explain how insurance cold arrange the investment more convenient for him!
Use the following information. When "trading up," it is preferable to sell your old house before buying your new house because that allows you to use the proceeds from selling your old house to buy your new house. When circumstances do not allow this, the homeowner can take out a bridge loan.Tina and Mike have sold their house, but they will not get the proceeds from the sale for an estimated 3 months. The owner of the house they want to buy will not hold the house that long. Tina and Mike have two choices: let their dream house go or take out a bridge loan. The bridge loan would be for $88,000, at 8.5% simple interest, due in 90 days. (Round your answers to the nearest cent.) (a) How big of a check would they have to write in 90 days?$ (b) How much interest would they pay for this loan?
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3:27 (Related to Checkpoint 5.5) (Solving for n) Jack asked Jill to marry him, and she has accepted under one condition: Jack must buy her a new $340,000 Rolls-Royce Phantom. Jack currently has $34,750 that he may invest. He has found a mutual fund with an expected annual return of 5.5 percent in which he will place the money. How long will it take Jack to win Jill's hand in marriage? Ignore taxes and inflation. ||| ... = VO) 1 LTE2.II 4G The number of years it will take for Jack to win Jill's hand in marriage is years. (Round to one decimal place.) 63% O
Sorry for reasking this question, I made an error cropping. Do you mind providing the calculations for each assuption thank you
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on SMENT 4 BB Ltd started operations in 2020, the owner, Bee-Bee invested her vehicle worth R20 000, she then invested a further R40 000 in cash. The company bought a new motor vehicle at the cost of R100 000, this was paid by the balance of the bank account and a loan. What is the total value of the liabilities? Answer: Next page
(Related to Checkpoint 5.6) (Solving for i) Kirk Van Houten, who has been married for 21 years, would like to buy his wife an expensive diamond ring with a platinum setting on their 30-year wedding anniversary. Assume that the cost of the ring will be $11,500 in 9 years. Kirk currently has $4,505 to invest. What annual rate of return must Kirk earn on his investment to accumulate enough money to pay for the ring? The annual rate of return Kirk must earn on his investment to accumulate enough money to pay for the ring is %. (Round to two decimal places.)
It is a common fact that many lottery winners are “broke” sooner than later. If you won a $1,000,000 lottery, would you want to collect the lump sum winnings today or receive the monies over time? How does your decision influence the ultimate amount of cash you will collect? Explain the TVM factors you would consider as you make this decision.
a buyer purchased a home using a va loan. an appraiser was assigned to estimate the value of the property for the lender. the appraised value was less than the contract price. if the buyer really wants the property which of the following choices is the buyers best option do nothing because the seller must sell the property at the appraised value Hire an appraiser and see if a second appraisal yields a higher appraised value seek an fha lender who will automatically make up the difference between the contract price and the appraised value make up the difference between the contract price and appraised value in cash
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