Contemporary Mathematics for Business & Consumers
8th Edition
ISBN: 9781305585447
Author: Robert Brechner, Geroge Bergeman
Publisher: Cengage Learning
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Chapter 19, Problem 12AT
To determine
To calculate: The building premium, contents premium, and total property insurance premium for the insurance policy if the area rating of the policy is
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Determine the annual insurance premiums for a policy insuring a male age 40 , who wants to purchase a whole life policy with a face value of $50,500
For the second mortgage application, calculate the percentage of appraised value and the potential credit (in $).
Appraised
Value
Percentage of
Percentage Appraised Value (in $)
Potential
Credit (in $)
Lender's
Balance of
First Mortgage
$125,500
60%
$53,300
%24
For the second mortgage application, calculate the percentage of appraised value and the potential credit (in $).
AppraisedValue
ender'sPercentage
Percentage ofAppraised Value (in $)
Balance ofFirst Mortgage
PotentialCredit (in $)
$356,900
75%
$
$198,500
$
Chapter 19 Solutions
Contemporary Mathematics for Business & Consumers
Ch. 19.I - Prob. 1TIECh. 19.I - Prob. 2TIECh. 19.I - Prob. 3TIECh. 19.I - Calculate the annual, semiannual, quarterly, and...Ch. 19.I - Calculate the annual. semiannual, quarterly, and...Ch. 19.I - Prob. 3RECh. 19.I - Calculate the annual. semiannual, quarterly, and...Ch. 19.I - Prob. 5RECh. 19.I - Calculate the annual. semiannual, quarterly, and...Ch. 19.I - Calculate the annual. semiannual, quarterly, and...
Ch. 19.I - Calculate the annual. semiannual, quarterly, and...Ch. 19.I - Prob. 9RECh. 19.I - Calculate the value of the nonforfeiture options...Ch. 19.I - Prob. 11RECh. 19.I - Prob. 12RECh. 19.I - Calculate the value of the nonforfeiture options...Ch. 19.I - Calculate the value of the nonforfeiture options...Ch. 19.I - Leroy Kirk is 35 years old and is interested in...Ch. 19.I - 16. Rene Boyer, age 27. wants to purchase a 5-year...Ch. 19.I - Carmen Gutierrez purchased a $75,000, 20-payment...Ch. 19.I - 18. Alex Baron is evaluating his life insurance...Ch. 19.I - Richard Ryan is evaluating his life insurance...Ch. 19.I - BUSINESS DECISION: THE CONSULTATION
20. Tina...Ch. 19.II - You are the insurance agent for Diamond...Ch. 19.II - Prob. 5TIECh. 19.II - Prob. 6TIECh. 19.II - Prob. 7TIECh. 19.II - Prob. 8TIECh. 19.II - Prob. 1RECh. 19.II - Prob. 2RECh. 19.II - Prob. 3RECh. 19.II - Calculate the building, contents, and total...Ch. 19.II - Prob. 5RECh. 19.II - Prob. 6RECh. 19.II - Prob. 7RECh. 19.II - Prob. 8RECh. 19.II - Prob. 9RECh. 19.II - Calculate the short-term premium and refund for...Ch. 19.II - Calculate the short-term premium and refund for...Ch. 19.II - Calculate the short-term premium and refund for...Ch. 19.II - Prob. 13RECh. 19.II - Prob. 14RECh. 19.II - Prob. 15RECh. 19.II - Calculate the amount to be paid by the insurance...Ch. 19.II - Prob. 17RECh. 19.II - Calculate the amount to be paid by the insurance...Ch. 19.II - Prob. 19RECh. 19.II - You are the insurance agent for Castle Mountain...Ch. 19.II - A property insurance policy has an annual premium...Ch. 19.II - 22. Insignia Enterprises has a property insurance...Ch. 19.II - Prob. 23RECh. 19.II - BUSINESS DECISION: BUSINESS INTERRUPTION INSURANCE...Ch. 19.III - Jeff Wasserman, owner of High Performance Racing...Ch. 19.III - Prob. 10TIECh. 19.III - Prob. 1RECh. 19.III - Prob. 2RECh. 19.III - Prob. 3RECh. 19.III - As an insurance agent, calculate the annual...Ch. 19.III - Prob. 5RECh. 19.III - Prob. 6RECh. 19.III - Prob. 7RECh. 19.III - As an insurance agent, calculate the annual...Ch. 19.III - 9. Rick Clinton wants to purchase an automobile...Ch. 19.III -
10. Howard Marshall’s Corvette was hit by a palm...Ch. 19.III - Ben Hoffman has motor vehicle liability insurance...Ch. 19.III - BUSINESS DECISION: INSURING THE FLEET
12. The...Ch. 19 - A mechanism for reducing financial risk and...Ch. 19 - 2. The amount of protection provided by an...Ch. 19 - Prob. 3CRCh. 19 - Prob. 4CRCh. 19 - Prob. 5CRCh. 19 - Prob. 6CRCh. 19 - Prob. 7CRCh. 19 - Prob. 8CRCh. 19 - The premium charged when a policy is canceled by...Ch. 19 - The clause in a property insurance policy...Ch. 19 - Prob. 11CRCh. 19 - Prob. 12CRCh. 19 - Prob. 13CRCh. 19 - Prob. 14CRCh. 19 - Prob. 1ATCh. 19 - Calculate the annual, semiannual, quarterly, and...Ch. 19 - Calculate the annual, semiannual, quarterly, and...Ch. 19 - Calculate the annual, semiannual, quarterly, and...Ch. 19 - Prob. 5ATCh. 19 - Prob. 6ATCh. 19 - Prob. 7ATCh. 19 - 8. Mary Hall purchased a $45,000 20-year endowment...Ch. 19 - Prob. 9ATCh. 19 - Calculate the building, contents, and total...Ch. 19 - Prob. 11ATCh. 19 - Prob. 12ATCh. 19 - Prob. 13ATCh. 19 - Calculate the short-term premium and refund for...Ch. 19 - Prob. 15ATCh. 19 - Calculate the amount to be paid by the insurance...Ch. 19 - Prob. 17ATCh. 19 - Prob. 18ATCh. 19 - Prob. 19ATCh. 19 - Prob. 20ATCh. 19 - Prob. 21ATCh. 19 - Prob. 22ATCh. 19 - Prob. 23ATCh. 19 - Prob. 24AT
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- For the second mortgage application, calculate the percentage of appraised value and the potential credit (in $). AppraisedValue Lender'sPercentage Percentage ofAppraised Value (in $) Balance ofFirst Mortgage PotentialCredit (in $) $326,700 75% $ $196,500 $arrow_forwardThe year end balance sheet of Ultimate Medical Center show total liabilities of $650,000, which includes a loan to expand services. Net worth at the balance sheet date was $ 300,000. Calculate the debt-to-worth ratio.arrow_forwardIgnacio was involved in an auto accident in which he was at fault. His own car sustained $3,827 damages and the other vehicle cost $1,709 to repair. Ignacio was not injured, but the driver of the other car required medical treatment costing $34,550 and a passenger's injuries totaled $3,944. Ignacio’s policy includes 15/30/10 liability, $250 deductible collision and $100 deductible comprehensive. How much of the damages must the insurance company pay? Group of answer choices $43,680 $30,000 $24,230 $21,840 I keep getting a different answer than one of the choices 2028.60arrow_forward
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