Permanent insurance is often called a whole-life insurance plan. Indicate whether the statement is ...

Author Question: Permanent insurance is often called a whole-life insurance plan. Indicate whether the statement is ... (Read 114 times)

elizabeth18

Hero Member
Posts: 559

on: Jun 24, 2018

Permanent insurance is often called a whole-life insurance plan.
Indicate whether the statement is true or false

Question 2

Tony's Towing borrows 12,250, at 9.5 interest, for 320 days. If the bank uses the exact interest method, how much interest will the bank collect? (Round to the nearest cent)
A) 304.17
B) 1,020.00
C) 1,020.27
D) 1,272.47

jaymee143

Sr. Member
Posts: 341

Reply #1 on: Jun 24, 2018

Answer to Question 1

TRUE

Answer to Question 2

C

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