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Reviewing your file, your home insurance company found that you paid $1000/year beginning October 1992 and your premium has been increasing by $50-a year since you started. The company had to pay you $15,000 compensation for weather damages October 2000 and another $18,000 for damages to your roof in October of 2012. If the company invests assets gaining about 8% annually, did the company gain or lose? How much?

Econometrics, Economics

  • Category:- Econometrics
  • Reference No.:- M9498632

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