Homework Answers
Insurance company will pay the replacement value of the microwave, i.e, current market price, which is $345.
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Help Sa MC Qu. Your home insurance provides for replacement value for personal ... Your home...
please solve You are using the cost approach (replacement) to value a property. A new home...
please solve
You are using the cost approach (replacement) to value a property. A new home similar to the property your appraising sells for $450,000. You have been given a table to help in making the final adjustments to your valuation. After your inspection of the property, you are appraising you have discovered that there is 1100 sq.ft carpet with no useful life. The furnace is 10 years old. The roof is 2400 sq.ft. and was replaced 6 years ago....
Problem 16 Your home insurance policy has a $500 deductible and provides cash value coverage on...
Problem 16 Your home insurance policy has a $500 deductible and provides cash value coverage on contents. If your home is over 25 years old and a small fire causes $16,000 damage to it, what amount of the claim would the insurance company pay? (Show your calculations)
Problem 16: Your home insurance policy has a $500 deductible and provides cash value coverage n...
Problem 16: Your home insurance policy has a $500 deductible and provides cash value coverage n contents. If your home is over 25 years old and a small fire causes $16000 damage to it, what amount of the claim would the insurance company pay? Akika has no dependents, an annual income of $80000 and debt of $150000. How much insurance should she buy using the income method and a factor of 10?
Value of a retirement annuity Personal Finance Problem An insurance agent is trying to sell you...
Value of a retirement annuity Personal Finance Problem An insurance agent is trying to sell you an immediate-retirement annuity, which for a single amount paid today will provide you with $11,100 at the end of each year for the next 15 years You currently earn 7% on lovrisk investments comparable to the retrement annuity Ignoring taxes, what is the most you would pay for this annuity? ignoring taxes, the most you would pay for this annuity leu (Round to the...
Insurance coverage relies on 1. the law of large numbers, meaning Events that are statistically difficult...
Insurance coverage relies on 1. the law of large numbers, meaning Events that are statistically difficult to predict for a specific individual are more predictable for a large number of individuals b. Events that are statistically difficult to predict for a large number of individuals a. predictable are more individual. for an Insurers can statistically predict whether an individual will suffer a loss more accurately than they statistically predict whether a large number of individuals will suffer losses. d. C....
However, instead of protecting against every possible cause of loss
Assignment: Chapter 10 - Protecting Your Property 2. The basic principles of property insurance What Are the Basic Principles of Property Insurance? There are two major types of insurance that protect your real and personal property, and that of others: property insurance and liability insurance. As several of the principles on which property and liability insurance are based differ from those underlying life and health insurance, it is important that you be aware of these differences so that you can structure your coverage and...
Life Insurance Needs Analysis Case Your friend John asks you for advice concerning life insurance. John...
Life Insurance Needs Analysis Case Your friend John asks you for advice concerning life insurance. John is 26 years old and graduated from law school last year. He currently earns $43,000 per year. John’s wife, Mary, is a graphics designer who currently earns $51,500 per year. Mary is 28 years old. The couple have three children: Billy, age 2, Cindy, age 4, and Sally, age 6. John and Mary pay $1,075 per month for their home mortgage, which will be...
Your company is considering the replacement of an old delivery van with a new one that...
Your company is considering the replacement of an old delivery van with a new one that is more efficient. The old van cost $40,000 when it was purchased 5 years ago. The old van is being depreciated using the simplified straight -line method over a useful life of 8 years. The old van could be sold today for $7000. The new van has an invoice price of $80,000 and it will cost $6000 to modify the van to carry the...
1. How Much of Fire Loss Will Be Covered? Toula and Ian Miller of Gainesville, Florida,...
1. How Much of Fire Loss Will Be Covered? Toula and Ian Miller of Gainesville, Florida, recently suffered a fire at their home. The fire, which began in a crawl space at the back of the house, caused $50,000 of dam- age to the dwelling itself. Their ued at $20,000, was totally destroyed but did not contain a car at the time of the fire. Replacement of the Millers' personal property damaged in the home and garage amounted to $23,000....
Anchor Ltd paid $15,000 last quarter for a feasibility study regarding the demand for motor-boat replacement...
Anchor Ltd paid $15,000 last quarter for a feasibility study regarding the demand for motor-boat replacement parts which would require the purchase of a new metal-shaping machine. Today, they wish to conduct an analysis of the proposed project. The machine costs $250,000 and will operate for five years and tax rules allow the machine to be depreciated to zero over a five-year life. The machine is expected to produce sales of $135,000 annually for the five years. Anchor has already...
please solve
You are using the cost approach (replacement) to value a property. A new home similar to the property your appraising sells for $450,000. You have been given a table to help in making the final adjustments to your valuation. After your inspection of the property, you are appraising you have discovered that there is 1100 sq.ft carpet with no useful life. The furnace is 10 years old. The roof is 2400 sq.ft. and was replaced 6 years ago....
Value of a retirement annuity Personal Finance Problem An insurance agent is trying to sell you an immediate-retirement annuity, which for a single amount paid today will provide you with $11,100 at the end of each year for the next 15 years You currently earn 7% on lovrisk investments comparable to the retrement annuity Ignoring taxes, what is the most you would pay for this annuity? ignoring taxes, the most you would pay for this annuity leu (Round to the...
Insurance coverage relies on 1. the law of large numbers, meaning Events that are statistically difficult to predict for a specific individual are more predictable for a large number of individuals b. Events that are statistically difficult to predict for a large number of individuals a. predictable are more individual. for an Insurers can statistically predict whether an individual will suffer a loss more accurately than they statistically predict whether a large number of individuals will suffer losses. d. C....
1. How Much of Fire Loss Will Be Covered? Toula and Ian Miller of Gainesville, Florida, recently suffered a fire at their home. The fire, which began in a crawl space at the back of the house, caused $50,000 of dam- age to the dwelling itself. Their ued at $20,000, was totally destroyed but did not contain a car at the time of the fire. Replacement of the Millers' personal property damaged in the home and garage amounted to $23,000....
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