If You Are Insuring an Older Car,it Always Makes Financial

question 8

True/False

If you are insuring an older car,it always makes financial sense to carry the cost of collision and comprehensive coverage.

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Definitions:

Weighted Average Cost

A calculation that takes into account the varying costs of goods or services by weighting them according to their importance or quantity.

Internal Rate of Return

The discount rate that makes the net present value of all cash flows from a particular project zero.

Interest Rate

Interest: the financial charge applied to the borrower by the lender, calculated as a percentage of the principal for asset usage.

Corporate Tax Rate

The tax imposed on the net income of a company by the government.