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Author Question: Which of the following statements about the Homeowners 6 (unit-owners form) policy is true? A) It ... (Read 44 times)

ec501234

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on: Jul 11, 2018
Which of the following statements about the Homeowners 6 (unit-owners form) policy is true?
 
  A) It includes personal liability coverage.
  B) It covers personal property on an open-perils basis.
  C) It covers the dwelling on an open-perils basis.
  D) It is designed for tenants who rent an apartment or a home.

Question 2

Your parents are complaining about the price of items today compared to what they cost years ago. If an
  automobile that cost 12,000 in 1980 costs 40,000 in 2010, calculate the annual growth rate in the automobile's
  price.
 
  What will be an ideal response?
Foundations of Finance ¦ Keown, Petty, Martin ¦ 9th Edition
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lkoler

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Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: A

Answer to Question 2

4.26, based on PV = 12,000; FV = 42,000; N = 30; I = (42000/12000)(1/


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