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Exhibit 14.8
The following questions use the information below.
A company needs to buy a new insurance policy. They have three policies to choose from, A, B and C. The policies differ with respect to price, coverage and ease of billing. The company has developed the following AHP tables for price and summary. The other tables are not shown due to space limitations.
-Refer to Exhibit 14.8. What formula should go in cell C7 and get copied to D7:E7 of the Summary worksheet to compute the Weighted Average Score?
Per Annum
An expression meaning "for each year," used to describe rates or amounts calculated on an annual basis.
Rate Of Return
The gain or loss on an investment over a specified time period, expressed as a percentage of the investment’s cost.
Investment Account
An account held at a financial institution that holds investments such as stocks, bonds, mutual funds, and other assets for investors.
Millionaire
An individual whose net worth or wealth is equal to or exceeds one million units of currency.
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