What was the rate of return on the 216 dollar million paid

Assignment Help Econometrics

Reference no: EM13219894

Water damage from flooding related to hurricane Sandy in two northeastern Cities resulted in damages estimated at $216 million. As a result of the claimant payouts, insurance companies raised homeowners' insurance rates by an average of $118 per year for each of the 320,000 households in the affected coastal cities. If a 20-year study period is considered, what was the rate of return on the $216 million paid by the insurance companies?

Reference no: EM13219894

Questions Cloud

Explain unknown metal and its atomic radius : The density of an unknown metal is 2.64 and its atomic radius is 0.215 . It has a face-centered cubic lattice.Find the atomic weight of this metal.

Define interest period for computing present worth values : Using a combined interest rate per interest period (d) for computing present worth values (PW). What is the present worth of the $1,000,000.00. if the formula for d is d = i + f + (i × f) and the inflation rate (f)=2.3%

Transformational leadership and day-level work engagement : The study depends on a daily survey data that required employees to do a daily survey for five days to measure the day-level transformational leadership and day-level work engagement.

Display the most frequently occurring word : the program should count how many times each word appears and display the most frequently occurring word, along with how many times it occurs.

What was the rate of return on the 216 dollar million paid : Water damage from flooding related to hurricane Sandy in two northeastern Cities resulted in damages estimated at $216 million. As a result of the claimant payouts, insurance companies raised homeowners' insurance rates by an average of $118 per y..

Calculate and display the number of gallons of water : The application should calculate and display the number of gallons of water used and the total charge for the water. The charge is 2.05 per 1000 gallons, or 00205 per gallon. use two independent sub procedures : one to make the calculations and th..

Evaluating the boiling point and freezing point of solution : The antifreeze in a car was a 50% by weight solution of ethylene glycol C2H6O2 in water. Calculate the boiling point and freezing point of this solution. (for H2O: Kb= 0.52 C/m... Kf=1.86 C/m

Should einstein bagels spend more on advertising : The demand function for Einstein Bagels has been estimated as follows: Qx = -15.87 - 40.73Px + 84.17Py + 0.55Ax where Qx represents thousands of bagels; Px is the price per bagel; Py is the average price per bagel of other brands of bagels

What is the peak achievable performance : Consider a memory system with a level 1 cache of 32 KB and DRAM of 512 MB with the processor operating at 1 GHz. The latency to L1 cache is one cycle and the latency to DRAM is 100 cycles.

User Account

All Pages