The amount of money that begins to accumulate in a permanent life ...

[Frost2351]

The amount of money that begins to accumulate in a permanent life insurance policy after the first two or three years is called the cash value.
  Indicate whether the statement is true or false

Question 2

Legitimate Financial Services made a loan at 9.75 interest for 254 days. If the amount of interest was 270.50, use the exact interest method to find the amount of principal borrowed. (Round to the nearest whole dollar amount)
 A) 3,649
  B) 3,987
  C) 4,138
  D) 3,789

[missalyssa26]

Answer to Question 1

TRUE

Answer to Question 2

B

[Frost2351]

Thank you

[missalyssa26]

Happy to help you