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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 121
In the following application problems, find the amount paid by the multiple carriers. Assume that the coinsurance requirement has been met.
MAJOR FIRE LOSS Gold's Gym had fire insurance coverage as follows: Company 1, $360,000; Company 2, $120,000; and Company 3, $240,000. The gym has an insured fire loss of $250,000.
1: _____
2: _____
3: _____
MAJOR FIRE LOSS Gold's Gym had fire insurance coverage as follows: Company 1, $360,000; Company 2, $120,000; and Company 3, $240,000. The gym has an insured fire loss of $250,000.
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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