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Rufina [12.5K]
2 years ago
11

. If Carissa Dalton has a $130,000 home insured for $100,000, based on the 80 percent coinsurance provision, how much would the

insurance company pay on a $5,000 claim
Business
1 answer:
aev [14]2 years ago
7 0

Answer:

$4,807.69

Explanation:

The first step is to calculate the requirement for coinsurance

= 80/100 × 130,000

= 0.8× 130,000

= 104,000

Therefore the amount in which the insurance person will pay can be calculated as follows

= 100,000/104,000 × 5000

= 0.96153×5000

= $4,807.69

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Project Team Members are responsible for initiating interaction between R&D and consumers.

The progress of the project can be measured objectively by the effective team building. Although the team bonding process can involve frustration and energy on all sides, the rewards can be enormous.

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3 years ago
The tax rate as a percent, r, charged on an item can be determined using the formula – 1 = r, where c is the final cost of the i
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Answer:

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zubka84 [21]

Answer:

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Explanation:

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5 0
3 years ago
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Number of market participants is a key to liquidity. The higher the number, the more liquid a market is.

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