The cash surrender value<span> is the sum of money an insurance company pays to the policyholder or annuity holder in the event his </span>policy<span> is voluntarily terminated before</span>its<span> maturity or the insured event occurs.</span>
Answer:
<em>It will take 9 months longer to repay this loan</em>
Explanation:
<u>Financial Loan Payments</u>
Let's assume a loan has been received for a present value PV at an interest rate i during n periods. Being R the amount of each payment, then

Solving for n we have

The first agreement of payment has the following data



Computing n


The new agreement changes R to 225, thus


This means that it will take 9 months longer to repay this loan
Answer:
The correct answer is (D)
Explanation:
The restaurant is using a micro-marketing technique which is an efficient and effective tool to measure marketing campaign. Micro-marketing method is used by the restaurant to help them understand the assessment of the customers and to make necessary changes. Micro-marketing technique is used to target a small group of customers. In this case, the restaurant is targeting customers who use the restaurant website.