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Author Question: A type of life insurance that offers pure insurance protection, paying the face value of the policy ... (Read 95 times)

charchew

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on: Jun 24, 2018
A type of life insurance that offers pure insurance protection, paying the face value of the policy to beneficiaries upon the death of the insured is called term life insurance.
  Indicate whether the statement is true or false

Question 2

Suppose that you took out a loan at 10 interest for 278 days. If the amount of interest was 761.64, use the exact interest method to find the amount of principal you borrowed. (Round to the nearest whole dollar)
 A) 8,590
  B) 10,000
  C) 9,863
  D) 12,000


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Kedrick2014

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

TRUE

Answer to Question 2

B


charchew

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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

tranoy

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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