In an insurer death spiral only people who do not really need insurance purchase it
Indicate whether the statement is true or false
FALSE
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A home improvement firm has quoted a price of $9,800 to fix up Eric's backyard. Five years ago, Eric put $7,500 into a home improvement account that has earned an average of 5.25% per year
Does Eric have enough money in his account to pay for the backyard fix-up? A) Yes; Eric now has exactly $9,800 in his home improvement account. B) No; Eric has only $9,687 in his home improvement account. C) Yes; Eric now has $10,519 in his home improvement account. D) There is not enough information to answer this question.
Which of the following actions will INCREASE the present value of an investment?
A) Decrease the interest rate. B) Decrease the future value. C) Increase the amount of time. D) All of the above will increase the present value.