Question 9 of 10 Reynaldo is a landlord who owns several rental homes. One all-wood home in
the suburbs is worth $95,000. Because the renters insure their own
belongings, what is the premium Reynaldo pays for property insurance per
year?
Annual Premium per $100 of coverage
Brick
Steel
Mixed
Wood
Area
Building Contents Building Contents Building Contents Building Contents
rating
City 0.39 0.43 0.5 0.54 0.55 0.65 0.66 0.76
Suburb 0.45 0.52 0.56 0.63 0.72 0.74 0.83 0.85
Rural 0.6
0.69
0.71 0.8 0.89 0.91 1
1.02
A. $978.65
B. $788.50
o C. $950.00

.there can be infinite values of m and n that can satisfy the above equation. for each value of m of m or n. there maybe infinite sets of solution for the above

step-by-step explanation:

inverse operation of addition

(a) {a₁, a₁r, a₁r², … a₁rⁿ⁻¹, …}

(b) $59 398

step-by-step explanation:

(a) the annual sequence of profits

aₙ = a₁rⁿ⁻¹

the model for the sequence of profits is {a₁, a₁r, a₁r², … a₁rⁿ⁻¹, …} .

(b) profit after 15 yr

  a₁ = $ 30 000

  r = 1.05

a₁₅ = 30 000 × 1.05¹⁴

a₁₅ = 30 000 × 1.979 93

a₁₅ = $59 398

the profit in year 15 will be $59 398.