TABLE 19-5 Property Insurance Short-Rate SchedulePercent ofPercent ofTime PolicyIs in ForceTime PolicyIs in Force5 days10 daysAnnualAnnualPremium(months)Premium84501056015 days147020 days1677525 days188.80851 month2010902 months3011953 months4012100 Rudy needs temporary property insurance to cover his home for a period of 6 months. Based or Table 19-5 what would be his short-rate premium if the annual premium were $1,265.00? (Round your answer to the nearest cent.)O $379.50O $632.50O $885.50O $1,265.00

Introduction: The given table shows the percentages of the annual premium retained by the insurance…

Rudy needs temporary property insurance to cover his home for a period of 6 months. Based ori Table 19-5 what would be his short-rate premium if the annual premium were $1,265.00? (Round your answer to the nearest cent.) O $379.50 O $632.50 O $885.50 $1 265 00

Rudy needs temporary property insurance to cover his home for a period of 6 months. Based ori Table 19-5 what would be his short-rate premium if the annual premium were $1,265.00? (Round your answer to the nearest cent.) O $379.50 O $632.50 O $885.50 $1 265 00

MATLAB: An Introduction with Applications

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ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

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Question

TABLE 19-5 Property Insurance Short-Rate Schedule
Percent of
Percent of
Time Policy
Is in Force
Time Policy
Is in Force
5 days
10 days
Annual
Annual
Premium
(months)
Premium
8
4
50
10
5
60
15 days
14
70
20 days
16
7
75
25 days
18
8.
80
85
1 month
20
10
90
2 months
30
11
95
3 months
40
12
100

Rudy needs temporary property insurance to cover his home for a period of 6 months. Based or Table 19-5 what would be his short-rate premium if the annual premium were $1,265.00? (Round your answer to the nearest cent.)
O $379.50
O $632.50
O $885.50
O $1,265.00

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