Which statement is true with regard to deductibles?
I. Property insurance premiums are unrelated to deductibles.
II. Deductibles help to eliminate small claims.
(a) I only
(b) II only
(c) both I and II
(d) neither I nor II
Ans: (b) II only
Business
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Last month's loan payment included $412.50 interest on a $60,000 loan balance. What is the annual rate of interest?
A) 7 1/2 percent B) 7 3/4 percent C) 8 1/4 percent D) 8 1/2 percent
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As a bond approaches maturity, the price of the bond will approach its par value until, the bond is worth its face value at maturity
Indicate whether the statement is true or false
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