Consider the TVM equation: An increase in the present value will decrease the future value, other things remaining equal
Indicate whether the statement is true or false.
Answer: FALSE
Explanation: An increase in the present value will INCREASE the future value, other things remaining equal.
Business
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What will be an ideal response?
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Which of the following statements is TRUE?
A) An insurable interest is a requirement of a policy of insurance. B) Anyone can purchase a policy of life insurance on another person. C) Only the owner of property may insure that property for loss. D) Both A and B E) All of the above
Business