1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
BabaBlast [244]
3 years ago
15

The new owner of a house needs hazard coverage for $98,000. The annual premium is $0.44 per $100.00 of the amount insured. The i

nsurance company agreed to make the cost of the policy 2 ½ times the annual rate for a 3 year policy. How much would the monthly insurance payments be to pay for this policy?
Business
1 answer:
Kisachek [45]3 years ago
5 0

Answer:

monthly insurance payments = $29.94

Explanation:

given data

hazard coverage = $98,000

annual premium = $0.44 per $100.00

cost of the policy =  2 ½ times annual rate for 3 year policy

solution

we get here first normal premium cost per year that is

normal premium cost per year = $98000 × 0.44 × \frac{1}{100}    

normal premium cost per year = $431.2

and

insurance company is offering for new owner discount for purchasing a three year policy

so here the total cost for the three year is

total cost for the three = $431.2 ×  2.5 = $1078

and now we get monthly insurance payments for 3 year is

monthly insurance payments = \frac{1078}{36}

monthly insurance payments = $29.94

You might be interested in
Reuben forces his way into the house of an elderly couple. He tells the lady that if she does not help him in carrying out a ban
Paul [167]

Answer:

Duress/Coercion/Compulsion

Explanation:

Duress or Coercion or Compulsion: This type of defense involves someone else threatening to use force or violence to get you to do something against your better judgment. Essentially, it means you were forced to commit a crime. In this case, Reuben want to entangle the elderly lady into the crime of bank heist by threatening to shoot her husband.

For a defense of Duress/Coercion/Compulsion: the person must be forced to commit the offence. The person under duress (illegal coercion usually through being threatened or the use of violence) must be present when the offence is committed. The person must believe that the threat will be carried out.

4 0
3 years ago
Read 2 more answers
Dear Mr. Sanchez:
tiny-mole [99]

Answer and Explanation:

1. After discovering about the value of local group ethical leadership, year before. The students naturally experienced most of your work and gratefully asked for the chance for your existence to make a major impact on our next generation of leaders.

The first option is the better option as the next paragraph provides a meaning. The next paragraph starts with 'therefore' It appears to be relatable

2. Even before central message, it does not explain the reasons, and it has no reader advantages.

The meaning as a whole is fairly ambiguous and inconsistent. The reasoning isn't very powerful and there seems to be a lack of compassion.

3. Typically a claim or complaint response ends with a service provider 's expectation. The author must submit a reasonable request in this situation.

7 0
3 years ago
Define foreclosure economics.​
Kobotan [32]

Answer:

Foreclosure is the legal process by which a lender attempts to recover the amount owed on a defaulted loan by taking ownership of and selling the mortgaged property

8 0
2 years ago
Consider the following three bond quotes; a Treasury note quoted at 87.25, and a corporate bond quoted at 102.42, and a municipa
r-ruslan [8.4K]

Answer:

              Total market value of the bonds:  6,972.2

Explanation:

The "quote" will be the percent of the face value at which the title is currently  trading.

We will multiply each quoted by the face value to get the market value in dollars:

1,000 x  87.25/100     =     875.5

1,000 x 102.42/100    =   1,024.2

5,000 x 101.45/100    =   5,072.5

              Total             =  6,972.2

6 0
3 years ago
right-to-work laws stipulate that a person cannot be denied employment because of membership or nonmembership in a labor union o
LekaFEV [45]

It is true that right-to-work laws stipulate that a person cannot be denied employment because of membership or non-membership in a labor union or other labor organization.

The concept of the right to work is that people have a human right to work or engage in productive employment and should not be denied that right. The right to work is recognized in international human rights law through its inclusion in the International Covenant on Economic, Social, and Cultural Rights, where the right to work emphasizes economic, social, and cultural development.

The right to work was also enshrined as a fundamental right of citizens in the Soviet Union's constitution. The Human Rights Measurement Initiative assesses countries' right to work based on their level of income.

Learn more about right to work here:

brainly.com/question/14711960

#SPJ4

8 0
1 year ago
Other questions:
  • If the agreement between Elijah and the Canadian buyer was never written down, could Elijah be liable to the Canadian buyer for
    10·1 answer
  • Calculate the velocity if the nominal interest rate is 2 percent
    12·1 answer
  • Kalani is an account executive with a medical device company that sells sophisticated camera equipment used in surgical procedur
    13·1 answer
  • Which of the following changes would bring the U.S. capital stock, currently below the Golden Rule level, closer to the steady-s
    8·1 answer
  • If sales are $540,000, expenses are $440,000 and dividends are $50,000, what is the balance of income Summary prior to closing?
    12·1 answer
  • Amy, a baker, has found her dream home, but cannot afford the down payment. Amy’s brother agrees to loan her $3000 for the down
    12·1 answer
  • San Juan, Inc. is considering two alternatives: A and B. The costs associated with the alternatives are listed below: Alternativ
    9·1 answer
  • 1. Consider the purchase of a can of soda at a convenience store. Describe the various stages in the supply chain and the differ
    13·1 answer
  • The distribution of the amount of a customer’s purchase at a convenience store is approximately normal, with mean $15.50 and sta
    9·1 answer
  • A builder from State A sued a homeowner from State B for breach of contract in federal court, alleging that the homeowner failed
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!