The present value of what kind of time value of money problem or question allows easy calculation of what a series of regular payments to be received in the future is worth today?
A) Lump sum
B) Annuity
C) Credit
D) Deposit
E) Investment
B) Annuity
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Marketing plans contain guidelines for a product's marketing programs
Indicate whether the statement is true or false
A crane has a mean time between failures of 186 hr and mean time to repair of 15 hr. In this case, the availability is ______.
A. 0.925 B. 0.930 C. 0.920 D. 0.890
A guaranteed insurability rider
A) allows you to increase the face amount of the insurance policy without an additional medical examination. B) allows you to increase the face amount of insurance protection if you pass an additional medical examination. C) allows you to extend your current coverage without a medical examination. D) allows you to extend your current coverage at the same premium. However, a medical examination may be required.
A rating of A++ in Best's Insurance Reports indicates the life insurance company
A) is financially stable. B) has provided superior returns to its stockholders. C) provides low-cost protection. D) has had an exceptional growth in sales over the past five years.