Earl Miller insured his pizza shop for $100,000 for fire insurance at an annual rate per $100 of $0.66. At the end of 11 months, Earl canceled the policy since his pizza shop went out of business. (Use Table 20.4.) What was the cost of Earl’s short-rate premium and his refund? (Round your answers to the nearest cent.) ***************TABLE ATTACHED*************** Cost Short-Rate Premium Refund
Mortgages
A mortgage is a formal agreement in which a bank or other financial institution lends cash at interest in return for assuming the title to the debtor's property, on the condition that the obligation is paid in full.
Mortgage
The term "mortgage" is a type of loan that a borrower takes to maintain his house or any form of assets and he agrees to return the amount in a particular period of time to the lender usually in a series of regular equally monthly, quarterly, or half-yearly payments.
Earl Miller insured his pizza shop for $100,000 for fire insurance at an annual rate per $100 of $0.66. At the end of 11 months, Earl canceled the policy since his pizza shop went out of business. (Use Table 20.4.)
What was the cost of Earl’s short-rate premium and his refund? (Round your answers to the nearest cent.)
***************TABLE ATTACHED***************
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