You just received an insurance settlement offer related to an accident you had six years ago.The offer gives you a choice of one of the following three offers:
You can earn 7.5 percent on your investments.You do not care if you personally receive the funds or if they are paid to your heirs should you die within the settlement period.Which one of the following statements is correct given this information?
A) Option A is the best choice as it provides the largest monthly payment.
B) Option B is the best choice because it pays the largest total amount.
C) Option C is the best choice because it is has the largest current value.
D) Option B is the best choice because you will receive the most payments.
E) You are indifferent to the three options as they are all equal in valuE.
Correct Answer:
Verified
Q45: Your great aunt left you an inheritance
Q46: You are buying a previously owned car
Q47: Nadine is retiring at age 62 and
Q48: Today,you are retiring.You have a total of
Q49: Your insurance agent is trying to sell
Q51: Atlas Insurance wants to sell you an
Q52: You borrow $165,000 to buy a house.The
Q53: Your car dealer is willing to lease
Q54: Gene's Art Gallery is notoriously known as
Q55: Meadow Brook Manor would like to buy
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents