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Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540 Exercise 85
Find the annual fire insurance premium for the following. Use the table on page.
Dave's Body and Paint has an insurable loss of $72,000, while having insurance coverage beyond coinsurance requirements. The insurance is divided among Company A with $250,000 coverage, Company B with $150,000 coverage, and Company C with $100,000 coverage. Find the amount of the loss paid by each of the insurance companies.
A: _____
B: _____
C: _____
Dave's Body and Paint has an insurable loss of $72,000, while having insurance coverage beyond coinsurance requirements. The insurance is divided among Company A with $250,000 coverage, Company B with $150,000 coverage, and Company C with $100,000 coverage. Find the amount of the loss paid by each of the insurance companies.
A: _____
B: _____
C: _____
Explanation
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Start by finding the total fac...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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