The present value of a single amount in the future can be determined using a present value of $1 table

Indicate whether the statement is true or false

TRUE

Business

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Which statement is false about a Homeowners Policy?

A) It will cover theft from a safe deposit box. B) It has a $500 limit for trailers not used with watercraft. C) The replacement clause eliminates the deduction for depreciation. D) It will cover property that has been borrowed.

Business

Which of the following phrases describes the term covenant?

A) an unconditional promise to perform B) a breach of contract C) mutual rescission of a contract D) successive assignments of a right

Business