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jwyatt82 jwyatt82
wrote...
Posts: 323
Rep: 0 0
3 years ago
What is the maturity date of a loan taken out on June 6, for 73 days?
 A) August 18
  B) July 17
  C) August 15
  D) June 30

Q. 2

The insurance premium is the amount paid at regular intervals to purchase insurance protection.
  Indicate whether the statement is true or false

Q. 3

What is the maturity date of a loan taken out on August 9, for 101 days?
 A) October 31
  B) November 17
  C) November 18
  D) November 19

Q. 4

The face value of an insurance policy is the amount of protection provided by the policy in the event of a loss.
  Indicate whether the statement is true or false

Q. 5

On May 11, Corlis took out a loan for 2,900, at 8 ordinary interest, for 82 days. What is the maturity date of the loan?
 A) August 8
  B) August 1
  C) August 11
  D) August 5

Q. 6

The policyholder is the company that sells the insurance policy to a consumer (i.e. State Farm, Farmer's, or Prudential).
  Indicate whether the statement is true or false
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4 Replies
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Answer verified by a subject expert
anlopez7anlopez7
wrote...
Posts: 227
Rep: 1 0
3 years ago
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Ans. #1

A

Ans. #2

TRUE

Ans. #3

C

Ans. #4

TRUE

Ans. #5

B

Ans. #6

FALSE
1

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