Joan insures her house (with a market value of $50,000, not including $10,000 for the foundation and lot) with a $30,000 insurance policy calling for 80% co-insurance. A fire causes $10,000 worth of structural damage valued at replacement cost
Considering only the information provided, what amount is she likely to collect from the insurance company?
A)
$10,000
B)
$7,500
C)
$6,000
D)
$5,000
B
You might also like to view...
Which of the following is a suggestion for constructing effective bar charts??
A) ?Use visuals that exaggerate the data presented in the bar charts. B) ?Avoid fancy formatting such as 3D. C) ?Use data labels and gridlines excessively. D) ?Avoid positioning data presented in the bar charts chronologically.
An Article 9 financing statement is valid for 10 years
Indicate whether the statement is true or false
The F-distribution is the sampling distribution of the ratio of:
A. two normal population variances. B. two normal population means. C. two sample variances . D. None of these choices.
Mike O'Brien plans to deposit $1,250 at the end of every six months for the next eight years at 6% interest compounded semiannually. What is the value of Mike's annuity at the end of eight years?
What will be an ideal response?