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Author Question: If the interest rate is positive, a six-year ordinary annuity of 500 per year must have a present ... (Read 161 times)

tfester

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on: Jul 11, 2018
If the interest rate is positive, a six-year ordinary annuity of 500 per year must have a present
  value over 3,000.
 
  Indicate whether the statement is true or false

Question 2

Which of the following statements about the eligibility requirements for insuring mobile homes by endorsing a homeowners policy is (are) true?
 
  I. The mobile home must be designed for year-round living.
  II. The mobile home must be located in a fenced area with security guards.
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II
Foundations of Finance ¦ Keown, Petty, Martin ¦ 9th Edition
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Natalie4ever

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Reply #1 on: Jul 11, 2018
Answer to Question 1

FALSE

Answer to Question 2

Answer: A


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