When the insurance company want a plan with a deductible of $4,000, they need to charge a minimum of $18000 for premiums.
<h3>What is a deductible?</h3>
It should be noted that a deductible simply means the amount of money that is paid out of the pocket of the policy holder.
From the information given, each accident costs $18,000 on average. Therefore, this is the minimum amount of premium.
When they want a plan with a premium of $1,000, the amount that they'll need to charge for deductibles will be:
= (4000/18000) × 1000
= $220
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Answer:
A) the heading indicating an electronic communications policy
Explanation:
A person's driver's license will automatically be suspended if the person is convicted of possessing a false driver's license or driving under the influence of alcohol.
<h3>What is a driver's license?</h3>
It should be noted that a driver's license is a legal authorization or an official document confirming such an authorization, for a specific individual to be able to operate one or more types of motorized vehicles.
Such vehicles include motorcycles, cars, trucks, or buses on a public road. A minor's drivers license may be suspended for a first offense of driving under the influence of alcohol for up to 12 months. Your driver's license may be suspended for habitual reckless driving.
If you are teaching a beginner to drive, you must be 21 years old. Also, drivers become subject to the liability insurance law when accident damages amount to at least $1000 to property of one person.
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Complete question
When can a person's driver's license be automatically suspended?
You can withdraw $7,882 monthly for ten years with an annual return of 6.5% on the savings.
Data and Calculations:
Your Planned Retirement Age =
70
Your Life Expectancy = 80
Your Retirement Savings at Retirement = $700,000
Annual Contribution from Retirement = $0
Monthly Contribution from Retirement = $0
Average Investment Return = 6.5%
Inflation Rate (Annual) expected = 0%
<u>Result:</u>
Balance at the retirement age of 70: $700,000
The <em>amount you can withdraw monthly</em> from 70 to 80: = $7,882
Thus, you can withdraw $7,882 <u>every month</u> for ten years.
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Explanation:
Sorry, explain brively so that I can get the answer.