As an insurance agent, use tables Table 19-6 and Table 19-7 to calculate the annual premium (in $) for the client. Name: Denner Territory Driver Class Bodily Injury Property Damage Model Class 2 2 100/300 50 C Vehicle Age Comprehensive Deductible Collision Deductible Rating Factor Annual Premium 4 $100 $250 none $

Wind damage occurs to your car costing $1,700 to repair. If you have a $110 deductible for collision and full coverage for comprehensive, what portion of the claim will the insurance company pay? Multiple Choice $850 $1,590 $110 $1,810 $1,700

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A company is considering two insurance plans with the following types of coverage and premiums: Plan A Plan B $27,000 $34,000 $182,000 $140,000 Monthly Premium $80 $69 Fire/Theft Liability Premiums are sold in units. For example, one can buy one unit of plan A insurance for $80 per month and receive $27,000 in Fire/Theft insurance. Two units of plan A insurance cost $160 per month and give $54,000 in Fire/Theft insurance. The company wants at least $718,000 in coverage for Fire/Theft insurance and $3,948,000 in coverage for liability insurance. How many units of each plan should be purchased to meet the needs of the company while minimizing cost? The company should purchase units of plan A and units of plan B. What is the minimum monthly premium for the company? $

When Margie's Convenience Store buys building supplies from Kent and is granted 30 days to pay the final invoice for the materials, Kent is offering ______ to Margie's. Question 28 options: A) an interfirm understanding B) trade credit C) a promissory note D) a secured loan E) a line of credit

QUESTION 12 Abeer has a major medical pblicy with a 5200o deductible. She is required to pay 25 percent of covered expenses in excess of the deductble. The insurer will pay 75 percent of expenses in excess of the deductble. f Abeer has eligible medical expenses of $10.000. how much will be pad by her insurer? Da57.300 Ob. $7.500 C S0.800 Cd. $7.350

Activity Answer the following five (5) questions in complete sentences: 1. When would leasing a vehicle be a better option than buying? 2. Describe in at least five sentences how you will prepare to purchase your next vehicle in order to (1) get the appropriate vehicle, (2) to get the best deal, and (3) to avoid getting ripped off. For the Questions 3-5 assume you want to finance (borrow) $12,000 for your next car and your interest rate will be 6%. 3. What will be your monthly payment and the total amount paid over the life of the loan if you finance for 48 months? Provide the car payment and the TVM inputs you used to calculate the payment. Payment Total of all payments PV FV RATE/INTEREST PERIODS/N (See next page for Questions 4 and 5)