Find the total annual automobile insurance premium. 1 GOOD 1 New 50/100/50 $250 $500
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1
REVIEW OF WHOLE NUMBERS AND INTEGERS
1-1
PLACE VALUE AND OUR NUMBER SYSTEM
1-2
OPERATIONS WITH WHOLE NUMBERS AND INTEGERS
2
REVIEW OF FRACTIONS
2-1
FRACTIONS
2-2
ADDING AND SUBTRACTING FRACTIONS
2-3
MULTIPLYING AND DIVIDING FRACTIONS
3
DECIMALS
3-1
DECIMALS AND THE PLACE-VALUE SYSTEM
3-2
OPERATIONS WITH DECIMALS
3-3
DECIMAL AND FRACTION CONVERSIONS
4
BANKING
4-1
CHECKING ACCOUNT TRANSACTIONS
4-2
BANK STATEMENTS
5
EQUATIONS
5-1
EQUATIONS
5-2
USING EQUATIONS TO SOLVE PROBLEMS
5-3
FORMULAS
6
PERCENTS
6-1
PERCENT EQUIVALENTS
6-2
SOLVING PERCENTAGE PROBLEMS
6-3
INCREASES AND DECREASES
7
BUSINESS STATISTICS
7-1
GRAPHS AND CHARTS
7-2
MEASURES OF CENTRAL TENDENCY
7-3
MEASURES OF DISPERSION
8
TRADE AND CASH DISCOUNTS
8-1
SINGLE TRADE DISCOUNTS
8-2
TRADE DISCOUNT SERIES
8-3
CASH DISCOUNTS AND SALES TERMS
9
MARKUP AND MARKDOWN
9-1
MARKUP BASED ON COST
9-2
MARKUP BASED ON SELLING PRICE AND MARKUP COMPARISONS
9-3
MARKDOWN, SERIES OF MARKDOWNS, AND PERISHABLES
10
PAYROLL
10-1
GROSS PAY
10-2
PAYROLL DEDUCTIONS
10-3
THE EMPLOYERS PAYROLL TAXES
11
SIMPLE INTEREST AND SIMPLE DISCOUNT
11-1
THE SIMPLE INTEREST FORMULA
11-2
ORDINARY AND EXACT INTEREST
11-3
PROMISSORY NOTES
12
CONSUMER CREDIT
12-1
INSTALLMENT LOANS AND CLOSED-END CREDIT
12-2
PAYING A LOAN BEFORE IT IS DUE: THE RULE OF 78
12-3
OPEN-END CREDIT
13
COMPOUND INTEREST, FUTURE VALUE, AND PRESENT VALUE
13-1
COMPOUND INTEREST AND FUTURE VALUE
13-2
PRESENT VALUE
14
ANNUITIES AND SINKING FUNDS
14-1
FUTURE VALUE OF AN ANNUITY
14-2
SINKING FUNDS AND THE PRESENT VALUE OF AN ANNUITY
15
BUILDING WEALTH THROUGH INVESTMENTS
15-1
STOCKS
15-2
BONDS
15-3
MUTUAL FUNDS
16
MORTGAGES
16-1
MORTGAGE PAYMENTS
16-2
AMORTIZATION SCHEDULES AND QUALIFYING RATIOS
17
DEPRECIATION
17-1
DEPRECIATION METHODS FOR FINANCIAL STATEMENT REPORTING
17-2
DEPRECIATION METHODS FOR IRS REPORTING
18
INVENTORY
18-1
INVENTORY
18-2
TURNOVER AND OVERHEAD
19
INSURANCE
19-1
LIFE INSURANCE
19-2
PROPERTY INSURANCE
19-3
MOTOR VEHICLE INSURANCE
20
TAXES
20-1
SALES TAX AND EXCISE TAX
20-2
PROPERTY TAX
20-3
INCOME TAXES
21
FINANCIAL STATEMENTS
21-1
THE BALANCE SHEET
21-2
INCOME STATEMENTS
21-3
FINANCIAL STATEMENT RATIOS
Textbook Solutions for Business Math,
Chapter 19-3 Problem 12
Question
How much will the liability portion of the automobile insurance policy pay an injured person with medical expenses of $8,362 if the insured has a policy with 50/100/50 coverage and is liable for his or her injuries?
Solution
The first step in solving 19-3 problem number 12 trying to solve the problem we have to refer to the textbook question: How much will the liability portion of the automobile insurance policy pay an injured person with medical expenses of $8,362 if the insured has a policy with 50/100/50 coverage and is liable for his or her injuries?
From the textbook chapter MOTOR VEHICLE INSURANCE you will find a few key concepts needed to solve this.
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full solution
full solution
Title
Business Math, 9
Author
Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
ISBN
9780135108178
How much will the liability portion of the automobile insurance policy pay an injured
Chapter 19-3 textbook questions
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Chapter 19: Problem 1 Business Math, 9
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Chapter 19: Problem 2 Business Math, 9
Find the total annual automobile insurance premium. 1 OCC 2 3 years 250/500/250 $0 $500
Read more -
Chapter 19: Problem 3 Business Math, 9
Find the total annual automobile insurance premium. 2 BAD 3 4 years 100/300/100 $0 $500
Read more -
Chapter 19: Problem 4 Business Math, 9
Find the total annual automobile insurance premium. 2 GOOD 2 6 years 100/300/100 $250 $1,000
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Chapter 19: Problem 5 Business Math, 9
Find the total annual automobile insurance premium. 1 OCC 1 1 year 50/100/50 $250 $1,000
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Chapter 19: Problem 6 Business Math, 9
Find the total annual automobile insurance premium. 2 BAD 3 2 years 50/100/50 $0 $1,000
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Chapter 19: Problem 7 Business Math, 9
Find the annual auto insurance premium for Dontae Knight if he has good credit and lives in territory 2. Dontae has 50/100/50 liability coverage and a $250 comprehensive deductible and a $500 collision deductible. His vehicle is new and is in model class 1.
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Chapter 19: Problem 8 Business Math, 9
What is the annual vehicle insurance premium for Shante Banks if she has good credit and lives in territory 1? Shante has 100/300/100 liability coverage and a $250 deductible on comprehensive coverage and $1,000 deductible on collision. Her vehicle is 30 months old and is in model class 1.
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Chapter 19: Problem 9 Business Math, 9
Find the annual premium for an automobile insurance policy if the insured lives in territory 2 and is classified OCC. The policy contains 250/500/250 liability coverage. The vehicle is 3 years old and in model class 3, the deductible for collision is $500, and the deductible for comprehensive is $250.
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Chapter 19: Problem 10 Business Math, 9
Find the annual premium on a 50/100/50 liability policy for a driver in territory 1 if the vehicle is 4.5 years old and in model class 2. The insured selects a comprehensive deductible of $250 and a collision deductible of $500. The insureds credit is good.
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Chapter 19: Problem 11 Business Math, 9
What are the monthly payments on an automobile insurance policy for a driver in territory 1 with 50/100/50 liability coverage? The 8-year-old vehicle is in model class 1; the comprehensive deductible is $250 and the collision deductible is $1,000. The insured has a recent bankruptcy on his credit report. Assume no additional fee is required for the monthly payment option.
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Chapter 19: Problem 12 Business Math, 9
How much will the liability portion of the automobile insurance policy pay an injured person with medical expenses of $8,362 if the insured has a policy with 50/100/50 coverage and is liable for his or her injuries?
Read more