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
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