Which of the Following Statements Is CORRECT

question 33

Multiple Choice

Which of the following statements is CORRECT?

• A) The present value of a 3-year,$150 ordinary annuity will exceed the present value of a 3-year,$150 annuity due.
• B) If a loan has a nominal annual rate of 8%,then the effective rate will never be less than 8%.
• C) If a loan or investment has annual payments,then the effective,periodic,and nominal rates of interest will all be different.
• D) The proportion of the payment that goes toward interest on a fully amortized loan increases over time.
• E) An investment that has a nominal rate of 6% with semiannual payments will have an effective rate that is smaller than 6%.

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Definitions:

Duty Not To Treat

The ethical and sometimes legal right of healthcare providers to refuse treatment in certain circumstances, often based on the principle of "conscientious objection."

Impaired Infant

An infant who has a significant physical, mental, or developmental condition that affects their day-to-day functioning and quality of life.

Reasonable

Pertaining to actions, decisions, or beliefs that are logical, rational, and based on good judgment according to prevailing norms or evidences.

Human Person

A term describing an individual who possesses characteristics such as self-awareness, intellect, and moral agency, distinguished from other beings.