Find the (a) amount of coverage and (b) amount of insurance.

$$\scriptstyle\begin{array}{|c|c|l|l|} \hline \text { Replacement Value } & {\text { Percent Covered }} & \text { Amount of Coverage } & {\text { Amount of Insurance for: }} \\ \hline \$ 124,500 & 90 \% & \text { a. \$ } & \text { b. Personal Property } \\ \hline \end{array}$$

Use the table for the percent of coverage to determine the (a) amount of insurance on the home, (b) amount of coverage for the garage, (c) amount of coverage for loss of use, and (d) amount of coverage for personal property.

$$\begin{array}{|l|c|} \hline {\text { Coverage }} & \begin{array}{c} \text { Percent } \\ \text { Covered } \end{array} \\ \hline \text { Garage and other structures } & 10 \% \\ \hline \text { Loss of use } & 20 \% \\ \hline \text { Personal property } & 50 \% \\ \hline \end{array}$$

Replacement value: $270,000; coverage: 80%.

Use the table for the percent of coverage to determine the (a) amount of insurance on the home, (b) amount of coverage for the garage, (c) amount of coverage for loss of use, and (d) amount of coverage for personal property.

$$\begin{array}{|l|c|} \hline{\text { Coverage }} & \begin{array}{c} \text { Percent } \\ \text { Covered } \end{array} \\ \hline \text { Garage and other structures } & 10 \% \\ \hline \text { Loss of use } & 20 \% \\ \hline \text { Personal property } & 50 \% \\ \hline \end{array}$$

Replacement value: $538,500; coverage: 90%.

The replacement value of a home is $175,000. The home is insured for 90% of the replacement value. What is the amount of coverage for personal property?

$$\begin{array}{|l |l|} \hline & \textbf{Percent of}\\ \textbf{Coverage} & \textbf{Coverage}\\ \hline \text{Personal property} & 50\%\\ \text{Loss of use} & 20\%\\ \text{Garage and other} & \\ \text{structures} & 10\%\\ \hline \end{array}$$

Use the table to find the percent of coverage.

The Courtney family is purchasing a home that has a replacement value of $324,000. They wish to insure their new home for 90% of its replacement value. What is the amount of insurance on their home? What is the amount of coverage on their garage?

The rate of assessment in Foster, Rhode Island, is 50%, and the tax rate is $11.29 per$1,000 of assessed value. What is the real estate tax on a piece of property that has a market value of $236,000.00?

A home has a replacement value of $324,000. The owners insure the new home for 90 percent of its replacement value. a. What is the amount of insurance on their home? b. What is the amount of coverage on their garage?

Find the (a) amount of coverage and (b) amount of insurance.

$$\scriptstyle\begin{array}{|c|c|l|l|} \hline \text { Replacement Value } & {\text { Percent Covered }} & \text { Amount of Coverage } & {\text { Amount of Insurance for: }} \\ \hline \$ 65,000 & 75 \% & \text { a. \$ } & \text { b. Loss of Use } \\ \hline \end{array}$$

Find the (a) amount of coverage and (b) amount of insurance.

$$\scriptstyle\begin{array}{|c|c|l|l|} \hline \text { Replacement Value } & {\text { Percent Covered }} & \text { Amount of Coverage } & {\text { Amount of Insurance for: }} \\ \hline \$ 87,000 & 80 \% & \text { a. \$ } & \text { b. Loss of Use } \\ \hline \end{array}$$

The Simms' condominium. Market value is $159,800. Rate of assessment is 40 percent. What is the assessed value?

For the first monthly payment, compute the (a) interest, (b) amount for principal, and (c) new principal. Dee Pollen bought a condo that has a $98,000.00 mortgage loan with a 7.5% interest rate. Her monthly payment is$686.00.

Find the (a) amount of coverage and (b) amount of insurance.

$$\scriptstyle\begin{array}{|c|c|l|l|} \hline \text { Replacement Value } & {\text { Percent Covered }} & \text { Amount of Coverage } & {\text { Amount of Insurance for: }} \\ \hline \$ 250,000 & 85 \% & \text { a. \$ } & \text { b. Garage } \\ \hline \end{array}$$

$$\begin{array}{|l |l|} \hline & \textbf{Percent of}\\ \textbf{Coverage} & \textbf{Coverage}\\ \hline \text{Personal property} & 50\%\\ \text{Loss of use} & 20\%\\ \text{Garage and other} & \\ \text{structures} & 10\%\\ \hline \end{array}$$

Use the table to find the percent of coverage.

The Callahans’ home. Replacement value is $38,500. 90% coverage on home. What is the amount of insurance? What is the amount of coverage for personal property?

For the first monthly payment, compute the (a) interest, (b) amount for principal, and (c) new principal. Patrick Yunus obtained a $284,000.00 mortgage with a 6% interest rate to buy a condo. His monthly payment is$2,033.44.