The statement which best describes the relationship between the premiums of a whole life policy and the premium payment period is
A) The shorter the payment period, the lower the premium
B) The longer the payment period, the higher the premium
C) The shorter the payment period, the higher the premium
D) The payment period has no affect on the premium payment
Ans: C) The shorter the payment period, the higher the premium
Business
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Indicate whether the statement is true or false
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Luther's Accounts Payable days is closest to ________
A) 39 days B) 32 days C) 59 days D) 42 days
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