The lower the interest rate, the higher the present value factor
Indicate whether the statement is true or false
True
Business
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With automobile insurance damage claims, Insurance companies will use the concept of "contributory negligence" to determine how much to pay in damages. What does this concept mean?
What will be an ideal response?
Business
Potential risks of using short-term bank loans for permanent assets include
A) higher costs. B) a loss of flexibility. C) inability to renew the loans on favorable terms. D) falling interest rates.
Business