Ashley St. Clair of Colorado Springs, CO drives a 4 year old Toyota Tacoma valued at $12,000. She has a $60,000 personal automobile policy with $10,000 per-person medical payments coverage and both collision ($500 deductible) and comprehensive coverage. Evan Draino of Eagle, CO, drives a five-year old Chevrolet Equinox valued at $10,000. Evan has a 25/50/15 automobile policy with $15,000 in medical payments coverage and both collision ($200 deductible) Early one morning Evan crossed the centerline divider and struck Ashley and her friend Michelle. Below you will find the damage caused by the accident: Ashley's Bodily Injury: $8,000 Michelle's Bodily Injury: $18,000 Ashley's Car: $7,500 Evan's Bodily Injury: $4,000 Evan's Car: $9,000 Using the information above, find the following: How much will Ashley's policy pay for Michelle's bodily injury?
Ashley St. Clair of Colorado Springs, CO drives a 4 year old Toyota Tacoma valued at $12,000. She has a $60,000 personal automobile policy with $10,000 per-person medical payments coverage and both collision ($500 deductible) and comprehensive coverage. Evan Draino of Eagle, CO, drives a five-year old Chevrolet Equinox valued at $10,000. Evan has a 25/50/15 automobile policy with $15,000 in medical payments coverage and both collision ($200 deductible) Early one morning Evan crossed the centerline divider and struck Ashley and her friend Michelle. Below you will find the damage caused by the accident: Ashley's Bodily Injury: $8,000 Michelle's Bodily Injury: $18,000 Ashley's Car: $7,500 Evan's Bodily Injury: $4,000 Evan's Car: $9,000 Using the information above, find the following: How much will Ashley's policy pay for Michelle's bodily injury?
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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Ashley St. Clair of Colorado Springs, CO drives a 4 year old Toyota Tacoma valued at $12,000. She has a $60,000 personal automobile policy with $10,000 per-person medical payments coverage and both collision ($500 deductible) and comprehensive coverage. Evan Draino of Eagle, CO, drives a five-year old Chevrolet Equinox valued at $10,000. Evan has a 25/50/15 automobile policy with $15,000 in medical payments coverage and both collision ($200 deductible) Early one morning Evan crossed the centerline divider and struck Ashley and her friend Michelle. Below you will find the damage caused by the accident:
Ashley's Bodily Injury: $8,000
Michelle's Bodily Injury: $18,000
Ashley's Car: $7,500
Evan's Bodily Injury: $4,000
Evan's Car: $9,000
Michelle's Bodily Injury: $18,000
Ashley's Car: $7,500
Evan's Bodily Injury: $4,000
Evan's Car: $9,000
Using the information above, find the following:
How much will Ashley's policy pay for Michelle's bodily injury?
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