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? Assume there is no deductible. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Amount paid $

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? Assume there is no deductible. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Amount paid $

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Problem 8-4 (LO8.2)
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? Assume there is no
deductible. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Amount paid
S

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