Answer: The answer is given below
Explanation:
It should be noted that the split limits approach is used by several auto insurance policies and this simply combines per person and occurrence approach.
For every accident, three dollars amount are being applied. The first limit is simply a per person limit which is the maximum amount that one injured person will get. The second limit is simply the per occurrence limit which is the maximum amount that all the injured persons will get while the third limit applies during the claim of property damage as it is the maximum amount that will be paid for damages by an insurer to property that results from the accident.
since the split is 50/100/20, it implies that $50,000 medical coverage for every injured person, $100,000 injury coverage for all accident victims and then $20,000 for property damage.
1. Bill's insurance company will pay $20000.
2. Amount Bill will pay:
= $17,603 + $3,136 + $9,659 - $20,000
= $30,398 - $20,000
= $10,398
Answer:
$651.60
Explanation:
the worth of the bond today can be determined by calculating the present value of the bond's cash flow
Present value is the sum of discounted cash flows
Present value = cash flow / (1 + r)^n
r = interest rate
n = years
1000 / ( 1.055)^8 = $651.60
Under the new form of republican government in spain, the nobility lost position and may possessions. Nobility people are the people who are associated and belong to a noble class in a place or let us say in a country in which most have a hereditary life and other a honorary life is what they have.
Answer:
Short-run economics primarily affect price.
Explanation:
When demand decreases for any reason, prices go down in the short term. When demand spikes, prices go up. ... Long-run adjustments occur when sustained increases or decreases in demand cause a business to change its practices and can affect both price and the means of production.
