Author Question: If the interest rate is positive, a six-year ordinary annuity of 500 per year must have a present ... (Read 108 times)

tfester

  • Hero Member
  • *****
  • Posts: 534
If the interest rate is positive, a six-year ordinary annuity of 500 per year must have a present
  value over 3,000.
 
  Indicate whether the statement is true or false

Question 2

Which of the following statements about the eligibility requirements for insuring mobile homes by endorsing a homeowners policy is (are) true?
 
  I. The mobile home must be designed for year-round living.
  II. The mobile home must be located in a fenced area with security guards.
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II


Natalie4ever

  • Sr. Member
  • ****
  • Posts: 335
Answer to Question 1

FALSE

Answer to Question 2

Answer: A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

For a complete list of videos, visit our video library