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Annie insured her dress shop for $75,000 of fire insurance at an annual rate per $100 of $0.63. At ...

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Annie insured her dress shop for $75,000 of fire insurance at an annual rate per $100 of $0.63. At ...

Annie insured her dress shop for $75,000 of fire insurance at an annual rate per $100 of $0.63. At the end of nine months, Annie canceled the policy since her dress shop went out of business. What was the cost of Annie's annual premium as well as her refund?

Note: Round your answers to the nearest cent.

Cost of Annie's premium	A
Refund cost	B

Textbook

Math for Business and Finance: an Algebraic Approach

Edition: 3^rd

Author: Slater

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More solutions for this book are available here

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Good timing, thanks!

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