Pls help finance question sir good work thanks Bob has a $234,000 home insured for $175,000, based on the 80 percent co-insurance provision.a. How much would the insurance company pay on a $11,500 claim? (Do not round intermediate calculations. Round your answer to2 decimal places. Omit the "$" sign in your response.)Amount paid$10750.53b. If the claim was for $125,000, how much would the insurance company pay out? (Do not round intermediate calculations. Roundyour answer to 2 decimal places. Omit the "$" sign in your response.)Pay outc. Is the cost savings on the annual premium worth it?O YesNo$116853.6

Total Value of Home = $234,000Insured Amount = $175,00080% co-insurance provision = 80% of Total…

Bob has a $234,000 home insured for $175,000, based on the 80 percent co-insurance provision. a. How much would the insurance company pay on a $11,500 claim? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.) $ 10750.53 Amount paid b. If the claim was for $125,000, how much would the insurance company pay out? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.) Pay out $116853.6 c. Is the cost savings on the annual premium worth it? Yes No

Bob has a $234,000 home insured for $175,000, based on the 80 percent co-insurance provision. a. How much would the insurance company pay on a $11,500 claim? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.) $ 10750.53 Amount paid b. If the claim was for $125,000, how much would the insurance company pay out? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.) Pay out $116853.6 c. Is the cost savings on the annual premium worth it? Yes No

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

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