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
what type of interest rate is set and will not be changed unless you go over the limit or fail to make a payment​
ICE Princess25 [194]

Answer:

Simple interest is paid only one time and does not change.

Explanation:

Hope this helped you!

5 0
3 years ago
A study examining the performance of numerous assets from the United States and around the world confirms that a. U.S. equities
antoniya [11.8K]

Answer:

d. beta did a better job of explaining the returns than standard deviation

Explanation:

Beta measures the systemic risk associated with the particular investment, it do not compute the total risk associated, which is more  logical.

Standard deviation computes the total risk associated.

Some risk is natural, like the risk of floods, natural calamities, earthquake, etc:

That risk shall not counted as for comparison as that is associated universally. Further, the risk associated with particular factors like bankruptcy of a company, or some legal case issue of a company are precisely described by beta coefficient.

Thus, beta provides better details about explaining the returns.

5 0
2 years ago
Which of the following is NOT a factor in the phenomenon of online shoppers abandoning their shopping carts and not following th
Alona [7]

Answer: Option E

       

Explanation: It is a known fact that a consumer gets excited more while doing offline shopping rather than the online shopping. Offline shopping through malls and stores gives the consumer advantage of live appearance and trial use in case of clothes and other such merchandize.

However the long lines for billing and other such lengthy procedures make it difficult.

Hence from the above we can conclude that the correct option is E.

4 0
3 years ago
The Two Sisters has a return on assets of 9 percent and a dividend payout ratio of 75 percent. What is the internal growth rate
Anettt [7]

The internal growth rate of a firm is best described as the: A. minimum growth rate achievable assuming a 100 percent retention ratio. B. minimum. The tax rate and the dividend payout ratio will be held constant. Current and. The Two Sisters has a 9 percent return on assets and a 75 percent retention ratio.

hope this helps.

7 0
2 years ago
Anthony votes in favor of a bill which would prevent people above a certain level of income from being able to purchase subsidiz
Fynjy0 [20]

Answer:

Letter C is correct.<u> Social Justice Theory.</u>

Explanation:

The most suitable alternative for this issue is letter c, Theory of Social Justice.

This theory refers to an ethical and political philosophy that states that there is justice beyond those recognized by the economic law of supply and demand, civil and criminal law, and the social and moral rules and structures of society. According to this theory, social justice refers to relationships that must be fair to all groups in society, that is, all people must have equal access to health, well-being, justice, opportunities, etc., regardless of their conditions. political, economic or other.

Social justice theory can punish or favor individuals regardless of their characteristics, choices or actions.

In the above question, we can say that social justice is adequate, because in economic terms, it is able to grant opportunities, redistribution of wealth and income to groups considered oppressed by certain oppressors.

8 0
3 years ago
Other questions:
  • A bond will pay $80 in interest at the end of each of the next three years, plus $1,000 at the end of the third year. If it has
    12·1 answer
  • Dexter decides to buy a new smartphone and offset the cost by selling his old phone to one of his friends. His friend has no mon
    6·1 answer
  • Chang, Inc.'s balance sheet shows a​ stockholders' equity-book value​ (total common​ equity) of ​$750 comma 500. The​ firm's ear
    8·1 answer
  • The following are all examples of abnormal items disclosed by the company, except: (4 points) A) Goodwill Impairment Charges B)
    7·1 answer
  • Assume that you work for a company that is developing a new technology to allow noise cancellation of loud parties, neighbors, e
    9·1 answer
  • A development planning system primarily focuses on developing knowledge sharing networks to help trainers and managers reach emp
    15·1 answer
  • Describe the main differences for revenue spending between ""for profit"" companies and ""not for profit"" companies. Describe h
    8·1 answer
  • Travis has a 2,400 square foot home. He is self employeed and uses one room of his home exclusively for his business. The area o
    9·1 answer
  • Categories such as education and household size represent which of the following?
    7·1 answer
  • Travis Industries plans to issue perpetual preferred stock with an $11.00 dividend. The stock is currently selling for $95.50, b
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!