[Answered] A mechanism for reducing financial risk and spreading financial loss due to unexpected events is ...

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dalyningkenk

Hero Member
Posts: 598

on: Jun 24, 2018

A mechanism for reducing financial risk and spreading financial loss due to unexpected events is called insurance.
Indicate whether the statement is true or false

Question 2

Slingerland borrowed 8,000 on July 20, at 11 interest. If the loan was due on October 17, what was the amount of interest on the loan using the exact interest method?
A) 263.01
B) 273.06
C) 214.58
D) 285.20

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Marked as best answer by a Subject Expert

ally

Sr. Member
Posts: 331

Reply #1 on: Jun 24, 2018

Answer to Question 1

TRUE

Answer to Question 2

C

dalyningkenk

Member
Posts: 598

Reply 2 on: Jun 24, 2018

TYSM

adf223

Member
Posts: 304

Reply 3 on: Yesterday

Gracias!

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