To terminate an insurance policy by failing to make the required ...

[ereecah]

To terminate an insurance policy by failing to make the required premium payments is known as forfeiting.
  Indicate whether the statement is true or false

Question 2

Find the amount of the principal on a loan at 6 interest for 274 days if the interest was 68.50, using the ordinary interest method. (Round to the nearest whole dollar amount)
 A) 1,500
  B) 1,521
  C) 313
  D) 6,850

[memslove]

Answer to Question 1

FALSE

Answer to Question 2

A