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Recessary. Leave no cells blank, be sure to enter "0" wherever required. a. Finn loses control and skids on ice, running into a parked car and causing $4,850 damage to the unoccupied vehicle and $2,570 damage to his own car. Total paid by the insurance company: Finn's out-of-pocket costs: b. Finn runs a stop sign and causes a serious auto accident, badly injuring two people. The injured parties win lawsuits against him for $25,000 each. Total paid by the insurance company: Finn's out-of-pocket costs (for both victims): c. Finn's 18-year-old son borrows his car. He backs into a telephone pole and causes $1,500 damage to the car. Total paid by the insurance company: Finn's out-of-pocket costs:

Recessary. Leave no cells blank, be sure to enter "0" wherever required. a. Finn loses control and skids on ice, running into a parked car and causing $4,850 damage to the unoccupied vehicle and $2,570 damage to his own car. Total paid by the insurance company: Finn's out-of-pocket costs: b. Finn runs a stop sign and causes a serious auto accident, badly injuring two people. The injured parties win lawsuits against him for $25,000 each. Total paid by the insurance company: Finn's out-of-pocket costs (for both victims): c. Finn's 18-year-old son borrows his car. He backs into a telephone pole and causes $1,500 damage to the car. Total paid by the insurance company: Finn's out-of-pocket costs:

Essentials Of Investments
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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Am. 277.

ED Chapter 10 Financial Planning Exercise 5 Personal automobile policy coverage eBook Finn Stone has a PAP with coverage of $15,000/$30,000 for bodily injury liability, $15,000 for property damage liability, $10,000 for medical payments, and a $500 deductible for collision Insurance. How much will his insurance cover in each of the following situations? Will he have any out-of-pocket costs? Round the answers to the whole dollar, if necessary. Leave no cells blank, be sure to enter "0" wherever required. a. Finn loses control and skids on ice, running into a parked car and causing $4,850 damage to the unoccupied vehicle and $2,570 damage to his own car. Total paid by the insurance company: Finn's out-of-pocket costs: b. Finn runs a stop sign and causes a serious auto accident, badly injuring two people. The injured parties win lawsuits against him for $25,000 each. Total paid by the insurance company: Finn's out-of-pocket costs (for both victims): c. Finn's 18-year-old son borrows his car. He backs into a telephone pole and causes $1,500 damage to the car. Total paid by the insurance company: Finn's out-of-pocket costs:
Transcribed Image Text:ED Chapter 10 Financial Planning Exercise 5 Personal automobile policy coverage eBook Finn Stone has a PAP with coverage of $15,000/$30,000 for bodily injury liability, $15,000 for property damage liability, $10,000 for medical payments, and a $500 deductible for collision Insurance. How much will his insurance cover in each of the following situations? Will he have any out-of-pocket costs? Round the answers to the whole dollar, if necessary. Leave no cells blank, be sure to enter "0" wherever required. a. Finn loses control and skids on ice, running into a parked car and causing $4,850 damage to the unoccupied vehicle and $2,570 damage to his own car. Total paid by the insurance company: Finn's out-of-pocket costs: b. Finn runs a stop sign and causes a serious auto accident, badly injuring two people. The injured parties win lawsuits against him for $25,000 each. Total paid by the insurance company: Finn's out-of-pocket costs (for both victims): c. Finn's 18-year-old son borrows his car. He backs into a telephone pole and causes $1,500 damage to the car. Total paid by the insurance company: Finn's out-of-pocket costs:
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