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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 111
In the following application problems, find the amount paid by the multiple carriers. Assume that the coinsurance requirement has been met.
COINSURED FIRE LOSS Beacon Cycles had an insured fire loss of $68,500. It has insurance as follows: Company 1, $60,000; Company 2, $40,000; and Company 3, $30,000.
1: _____
2: _____
3: _____
COINSURED FIRE LOSS Beacon Cycles had an insured fire loss of $68,500. It has insurance as follows: Company 1, $60,000; Company 2, $40,000; and Company 3, $30,000.
1: _____
2: _____
3: _____
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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