Calculate the Annual Premium for the Following Motor Vehicle Insurance

question 25

Short Answer

Calculate the annual premium for the following motor vehicle insurance policy. $$\begin{array} { l l l l l l l } \text { Territory } & \begin{array} { l } \text { Driver } \\\text { Class }\end{array} & \begin{array} { l } \text { Bodily } \\\text { Injury }\end{array} & \begin{array} { l } \text { Prop. } \\\text { Damage }\end{array} & \begin{array} { l } \text { Model } \\\text { Class }\end{array} & \begin{array} { l } \text { Vehicle } \\\text { Age }\end{array} & \begin{array} { l } \text { Comp. } \\\text { Deduct. }\end{array} \\\hline 1 & 4 & 100 / 300 & 100 & \mathrm { G } & 3 & \$ 100\end{array}$$ $$\begin{array} { l l l } \text { Rating } & \text { Coll. } & \text { Annual } \\\text { Factor } & \text { Deduct. } & \text { Premium } \\\hline \text { None } & \$ 250 &\end{array}$$

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Inputs used in the production of goods and services, such as land, labor, capital, and entrepreneurship.

Productive Resources

are inputs used in the production of goods and services, such as land, labor, and capital, that contribute to productivity and economic output.

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The level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class in a certain geographic area.

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