A company has a property insurance policy with an annual premium of $1330. In recent months, the company is filed for different claims against the policy, a fire to burglaries in a vandalism incident. The insurance company has elected to cancel the policy which has been in effect for 330 days. What is the regular refund due in dollars to the company round your answer to the nearest cent?  (I put as an answer 1,202.47 it was incorrect)
A company has a property insurance policy with an annual premium of $1330. In recent months, the company is filed for different claims against the policy, a fire to burglaries in a vandalism incident. The insurance company has elected to cancel the policy which has been in effect for 330 days. What is the regular refund due in dollars to the company round your answer to the nearest cent?  (I put as an answer 1,202.47 it was incorrect)
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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A company has a property insurance policy with an annual premium of $1330. In recent months, the company is filed for different claims against the policy, a fire to burglaries in a vandalism incident. The insurance company has elected to cancel the policy which has been in effect for 330 days. What is the regular refund due in dollars to the company round your answer to the nearest cent?

(I put as an answer 1,202.47 it was incorrect)
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