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3 years ago

What is your interpretation of the relationship between auto insurance premiums in Michigan and the national average?

Business

1 answer:

Arada [10]3 years ago

3 0

Answer:

Interpretation between the auto insurance preniums in Michigan and the National average is that In 2017, the average cost of a personal injury protection claim in Michigan was more than six times the national average. Costs are increasing nearly twice as fast, according to the Insurance Research Council.

Explanation:

The rates of auto insurance Premiums in Michigan are most expensive in America. This is due to Michigan's non-fault insurance system, which provides crash victims unlimited lifetime coverage of medical bills.

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A salt mine you inherited will pay you 25,000 per year for 25 years, with the first payment being made todayIf you think retum t

Lina20 [59]

Answer:

b. $299,574

Explanation:

For calculating the ask price, we first need to compute the present value which is attached in the spreadsheet.

In this question, we use the present value formula which is shown in the spreadsheet.

The NPER represents the time period.

Given that,

Future value = $0

Rate of interest = 7.5%

NPER = 25 years - 1 years = 24 years

PMT = $25,000

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

So, after solving this, the present value is $278,673.65

Now the ask price is

= $274,574.17 + $25,000

= $299,574.17

6 0

3 years ago

Stagflation might be caused by a increase in the money supply. b increase in the price of raw materials. c decrease in the money

just olya [345]

Answer:

increase in the price of raw materials

Explanation:

Stagflation is a period of both persistent high inflation and decline in gross domestic product of an economy.

Inflation occurs when general price level rises.

Stagnation is caused by a fall in production of goods and services in the economy. An increase in the price of raw materials can discourage production.

I hope my answer helps you

8 0

3 years ago

When Jane appeared for an interview at Incogyn Inc., she was promised a monthly pay of $7,500 after all tax deductions. However,

musickatia [10]

Answer:

C) legal component

Explanation:

When Jane got the job at Incogyn Inc she signed a contract that states she would receive $7,500 after all taxes are paid. Instead she was paid $7,230.

This is a misinterpretation of information, breach of the contract between Jane and Incogyn so the loss incurred was as a result of legal component of Incogyn Inc's environment.

When companies make deductions not previously agreed upon, the information should be passed along to the employees to avoid legal action.

6 0

4 years ago

Suppose market forces outside of the control of the Chinese government are causing the price of Chinese yuan in terms of Japanes

pochemuha

Answer:

A. file a pegging application with one of the three international currency-management agencies.

8 0

3 years ago

Anita, a good friend of yours wants to invest in the natural resources of nigeria. What type of international investment should

Fiesta28 [93]

Anita should consider regional funds as the ideal type of international investment to invest in Nigeria's natural resources.

<h3 /><h3>What are regional funds?</h3>

It corresponds to a specific type of investment in securities in a location, it is managed by managers on a mutual basis, with a wide range of operations that are beyond its location.

Therefore, regional funds represent a safer alternative for investing in other countries, as their management is geared towards this end, with greater security and control as they are mutual funds.

Find out more about regional funds on:

brainly.com/question/4521829

#SPJ1

8 0

1 year ago