An insured purchased a dwelling policy with $40,000 of coverage. The insured also purchased an automatic increase in insurance endorsement that increases the face amount of the policy by 4% each year. What will the coverage amount be when the insured pays the renewal premium for the 3rd year the policy is in effect
A. $44,995.00
B. $41,600.00
C. $43,264.00
D. $40,000.00
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “An insured purchased a dwelling policy with $40,000 of coverage. The insured also purchased an automatic increase in insurance endorsement ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
What does macroeconomics focus on trying to understand? Check all that apply. the changes that take place within an economic system as a whole the individual interactions of producers and consumers the challenges that economic systems face, such as
Answers (2)
Operating profits and losses for the seven industry segments of Cullumber Corporation are: Penley $94 Cheng $ (18) Konami (41) Takuhi 34 KSC 27 Molina 136 Red Moon 50 Based only on the operating profit (loss) test, which industry segments are
Answers (1)
Kings or queens who held all the power within thier states' boundaries
Answers (1)
A company pays all selling expenses in the month incurred. Budget information includes: Administrative salaries: $50,000; Sales commissions: $20,000; Advertising: $10,000; Depreciation on store equipment: $25,000;
Answers (1)
Crane Company incurred the following costs for 88000 units: Variable costs $528000 Fixed costs 392000 Crane has received a special order from a foreign company for 3000 units.
Answers (1)
New Questions in Business
A fire causes $25,000 in damage to company's tools and equipment. If the company has a commercial property insurance policy with $5,000 deductible, how much will the company have to pay to repair the damage?
Answers (1)
Exists when the entire supply of a good is controlled by a single seller
Answers (1)
On January 1, Mumford purchased 10% of Heller's common stock. On September 1, it purchased another 30% of Heller's common stock. During November, Heller declared and paid a cash dividend on its common stock.
Answers (1)
Explain 10 reasons why a joint stock company is preferable to a one man's business
Answers (1)
If fixed costs do not change, then marginal cost A. equals the change in average variable cost divided by the change in output. B. equals the change in variable cost divided by the change in output. C.
Answers (1)