Find the Total Annual Premium

question 34

Multiple Choice

Find the total annual premium. Use the fire insurance rate table. Rates are for each $100 of insurance.
-Area Rating: 2
Building Classification: B
Building Value: $878,000
Contents Value: $451,000

• A)$6,431.50
• B)$6,858.50
• C)$643.15
• D)$7,447.20

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Definitions:

Gross Domestic Product

The total value of all goods and services produced within a country's borders in a specific time period, serving as a comprehensive measure of economic activity.

Net Domestic Product

A measure of a country's economic output that accounts for depreciation, representing the net value of all goods and services produced domestically.

Depreciation

The decrease in an asset's worth over time, usually caused by aging or becoming outdated.

Net Domestic Product

Measures the total value of all goods and services produced within a country's borders in a specific period, after accounting for depreciation.