A Pension Plan Gives You 12 Possible Funds in Which

question 56

Short Answer

A pension plan gives you 12 possible funds in which to invest, but you are allowed to hold four at any given point in time. How many possible combinations of the 12 funds could you have in your portfolio?

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Definitions:

Cancel Policy

refers to the conditions under which a policy, agreement, or contract can be terminated or voided by either party involved.

Refuse to Renew

The decision not to extend a contract, agreement, or policy beyond its current expiration date.

Insurance Proceeds

The money received from an insurance claim, paid out by the insurance company to the policyholder or beneficiary.

Fraud on the Creditor

An act of deceit intended to keep assets from being claimed by creditors.