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Author Question: Permanent insurance is often called a whole-life insurance plan. Indicate whether the statement is ... (Read 71 times)

elizabeth18

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on: Jun 24, 2018
Permanent insurance is often called a whole-life insurance plan.
  Indicate whether the statement is true or false

Question 2

Tony's Towing borrows 12,250, at 9.5 interest, for 320 days. If the bank uses the exact interest method, how much interest will the bank collect? (Round to the nearest cent)
 A) 304.17
  B) 1,020.00
  C) 1,020.27
  D) 1,272.47


jaymee143

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Reply #1 on: Jun 24, 2018
Answer to Question 1

TRUE

Answer to Question 2

C


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