Research indicates that the 1,000,000 cars in your city experience unrecoverable losses of $250,000,000 per year from

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Research indicates that the 1,000,000 cars in your city experience unrecoverable losses of $250,000,000 per year from theft, collisions, and so on. If 30% of premiums are used to cover expenses, what premium must be charged to car owners?

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Financial Markets And Institutions

ISBN: 978-0132136839

7th Edition

Authors: Frederic S. Mishkin, Stanley G. Eakins

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Question Posted: Nov 12, 2012 01:14 AM

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Research indicates that the 1,000,000 cars in your city experience unrecoverable losses of $250,000,000 per year from

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The average loss per car 250000...View the full answer

Financial Markets And Institutions

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