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Lorico [155]
3 years ago
7

Everfi answers module 7 answers if you cause a car accident, which type of insurance will require you to pay the least out of po

cket?
Business
2 answers:
seropon [69]3 years ago
8 0
<span>If you cause a car accident, which type of insurance will require you to pay the least out of pocket? A low deductible plan. When you have a low deductible plan, you are going to pay less out of pocket because you will likely meet your out of pocket max in a short timeframe. When you meet your out of pocket max, you hit your deductible amount that needs to be paid by you and then your insurance will handle the rest. </span>
ser-zykov [4K]3 years ago
8 0

If you cause a car accident, the type of insurance that will require you to pay the least out-of-your-pocket is a low deductible plan.

A low deductible plan is the type of insurance plan where the person that is insured is required to pay a low amount of out-of-pocket expenses. In this type of insurance, the insurance policyholder contributes a minimum while the insurance company covers most of the expenses.

<h2>Further Explanation</h2>

However, out-of-pocket-expenses are the amount or the costs that a person spends out of the money they have.  Out-of-pocket-expenses are commonly used to qualify the amount of money an employee spent in carrying out some duties for his company. However, out-of-pocket-expenses money may or may not be refunded.

Out-of-Pocket Expenses are also used to describe a cost that a policyholder must pay for health insurance and also include coinsurances, copays and many more.

In health insurance companies, out of pocket expenses are part of the bill that the insurance company is not responsible for. It is the amount of money that an individual or a policyholder must cover.

Therefore, if you cause a car accident, the type of insurance that will require you to pay the least out of your pocket is a low deductible plan.

LEARN MORE:

  • If you cause a car accident, which type of insurance will require you to pay the least out of pocket?  brainly.com/question/7325538
  • If you cause a car accident, which type of insurance will require you to pay the least out of pocket?  brainly.com/question/3411119

KEYWORDS:

  • car accident
  • insurance
  • the least out of pocket
  • health insurance
  • policyholder
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Answer:

B. - 5.71%

Explanation:

Given that

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Selling price = 1100 × 30 = 33000

Recall that

ROI = Net profit/total investment × 100

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Net profit = selling price - purchase price

= 33000 - 35000

= -2000

Therefore,

ROI = -2000/35000 × 100

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Thus, total return on investment is -5.71%

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3 years ago
Find the APR or stated rate in each of the following cases and show calculations:&lt;?xml:namespace prefix = o ns = "urn:schemas
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Answer and Explanation:

The computation is shown below:

The formula is

APR = P × {(EAR + 1 )^(1 ÷ P) - 1}

1. For semi annually

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= 10.33%

2. For monthly

= 12 × (0.115 + 1)^(1 ÷ 12) - 1}

= 10.93%

3. For weekly

= 52 × (0.092 + 1)^(1 ÷ 52) - 1}

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8 0
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Deposits in transit Select one: a. have been recorded on the company's books but not yet by the bank. b. have not been recorded
mojhsa [17]

Answer:

a. have been recorded on the company's books but not yet by the bank

Explanation:

The deposit in transit means the deposit is recorded in the book of the company accounts but the same is not recorded in the bank books of account unless when they are not deposited.

So while preparing the bank reconciliation statement, we added the deposit in transit and deduct the outstanding checks in the bank books of accounts    

7 0
3 years ago
A bond has a face value of $1,000, a coupon of 4% paid annually, a maturity of 30 years, and a yield to maturity of 7%. What rat
Lelechka [254]

Answer:

-11.8%

Explanation:

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price=\frac{principal*coupon}{(1+i)^{1} }+ \frac{principal*coupon}{(1+i)^{2} } \frac{principal*coupon}{(1+i)^{3} }+...+\frac{principal+principal*coupon}{(1+i)^{n} }

so in this particular case that one year later there are 29 years to maturity so we have:

price=\frac{1,000*0.04}{(1+0.08)^{1} }+ \frac{1,000*0.04}{(1+0.08)^{2} } \frac{1000*0.04}{(1+0.08)^{3} }+...+\frac{1,000+1,000*0.04}{(1+0.08)^{30} }

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so as we have a higher rate the investment has the next return:

return=\frac{553.66}{627.73} -1

return=-11.8\%

4 0
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