The Phrase "Fool Me Once, Shame on You; Fool Me

question 27

Multiple Choice

The phrase "fool me once, shame on you; fool me twice, shame on me" would not apply to H.M. Why?

• A) H.M. was never fooled.
• B) H.M. was incapable of learning.
• C) H.M. was able to learn certain things, like if someone was lying to him.
• D) H.M. values practical jokes.

Understand how compound interest affects the valuation of annuities, both immediate and deferred.

Apply principles of financial mathematics to evaluate and compare financing and investment options.

Analyze the economic value of contracts and payments under various interest rate scenarios.

Compute the savings realized from making payments at different intervals due to the impact of interest compounding.