Linens Plus wishes to pay off a debt of $15,000 in 2 years. What amortization payment would they need to make every month, at 12% interest compounded monthly? (Use Table 12-2 from your text)

The NAIC Unfair Claim Settlement Practices Act is intended to cover all of the following types of insurance claims, EXCEPT:

a. Health insurance claims. b. Dwelling and Homeowners insurance claims. c. Automobile liability claims. d. Boiler & Machinery (Equipment Breakdown) insurance claims.

Which of the following is NOT a characteristic of exponential smoothing?

A) smoothes random variations in the data B) uses an easily altered weighting scheme C) weights each historical value equally D) has minimal data storage requirements E) uses the previous period's forecast