At what rate must 287.50 be compounded annually for it to grow to 650.01 in 14 years?
A) 6 percent B) 7 percent C) 5 percent D) 8 percent
Question 2
If the value of a vehicle is increased after repairs, such as repainting an entire auto when only one fender or door is damaged, the insurer will not pay for the increase in value. Another name for the increase in value is
A) diminution.
B) betterment.
C) appraisal.
D) subrogation.