Hillview, Inc had property valued at 1,560,000 and insured for 936,000. The fire insurance policy ...

Hillview, Inc had property valued at 1,560,000 and insured for 936,000. The fire insurance policy contained an 80 coinsurance clause. Hillview suffered a 280,000 fire loss. How much would be paid by the insurance company?

Q. 2

When a note is noninterest-bearing, the maturity value equals the ____________________.
 Fill in the blank(s) with correct word

Q. 3

Medical Arts Center had property valued at 380,000 and insured for 285,000. The fire insurance policy contained a 75 coinsurance clause. Medical Arts had water damage of 82,000. How much of this damage will be paid by the insurance company?

Q. 4

____________________ interest has become known as the banker's rule.
 Fill in the blank(s) with correct word

Q. 5

Actors Limited had property valued at 600,000 and insured for 425,000. The fire insurance policy contained an 75 coinsurance clause. What was the coverage ratio? (Round to the nearest percent)