This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A mechanism for reducing financial risk and spreading financial loss due to unexpected events is ... (Read 161 times)

dalyningkenk

  • Hero Member
  • *****
  • Posts: 598
on: Jun 24, 2018
A mechanism for reducing financial risk and spreading financial loss due to unexpected events is called insurance.
  Indicate whether the statement is true or false

Question 2

Slingerland borrowed 8,000 on July 20, at 11 interest. If the loan was due on October 17, what was the amount of interest on the loan using the exact interest method?
 A) 263.01
  B) 273.06
  C) 214.58
  D) 285.20


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ally

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jun 24, 2018
Answer to Question 1

TRUE

Answer to Question 2

C


dalyningkenk

  • Member
  • Posts: 598
Reply 2 on: Jun 24, 2018
Wow, this really help

lcapri7

  • Member
  • Posts: 350
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Mechanism of photoreception. Mechanism of photoreception.
An electrocardiogram (ECG, EKG) is a commonly used procedure in which the electrical events associat An electrocardiogram (ECG, EKG) is a commonly used procedure in which the electrical events associat
Myths and Facts About Weight Loss Myths and Facts About Weight Loss
Risk Factors for Cancer Risk Factors for Cancer
Proposed mechanism for UDP-galactose epimerase Proposed mechanism for UDP-galactose epimerase
PEPCK isozymes provide alternative routes to PEP and cytoplasmic reducing equivalents PEPCK isozymes provide alternative routes to PEP and cytoplasmic reducing equivalents
Video: Wound Repair Animation

For a complete list of videos, visit our video library