The ABC Corporation owns a $100,000 building.If its policy contains an 80% coinsurance clause, The maximum amount of insurance that Cooperation should carry to collect fully on $10,000 loss is   $10,000 $80,000 $90,000 $100,000

(a) Cheyenne Inc. has $470,000 to invest. The company is trying to decide between two alternative uses of the funds. One alternative provides $70,044 at the end of each year for 10 years, and the other is to receive a single lump-sum payment of $1,459,750 at the end of the 10 years. Which alternative should Cheyenne select? Assume the interest rate is constant over the entire investment. eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer