Author Question: At what rate must 287.50 be compounded annually for it to grow to 650.01 in 14 years? A) 6 ... (Read 28 times)

karateprodigy · **on:** Jul 11, 2018

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.