please consider the following questions : Student A buy a traffic insurance and the ferasures are as following. if the driver knocks down someone else on purpose, no payment. there is a limit of max payment of $6,000. any fees happened under $800 should be covered by the investors. the investor also needs to pay 20% out of his own pocket. student A causes an accident and a loss of $12,000. How much can he claim from the insurance company?
please consider the following questions : Student A buy a traffic insurance and the ferasures are as following. if the driver knocks down someone else on purpose, no payment. there is a limit of max payment of $6,000. any fees happened under $800 should be covered by the investors. the investor also needs to pay 20% out of his own pocket. student A causes an accident and a loss of $12,000. How much can he claim from the insurance company?
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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please consider the following questions :
Student A buy a traffic insurance and the ferasures are as following.
if the driver knocks down someone else on purpose, no payment.
there is a limit of max payment of $6,000.
any fees happened under $800 should be covered by the investors.
the investor also needs to pay 20% out of his own pocket.
student A causes an accident and a loss of $12,000. How much can he claim from the insurance company?
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