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Free Exam: Section 6

Number of Questions in Test: 4

Note: Answers are not shown below but will be copied with this test.

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Question 1

Nursing home costs have been rising an average of ____% each year.

Type: Multiple choice
Points: 1
Randomize answers: No

Question 2

As you increase your benefits, your premium ___________.

Type: Multiple choice
Points: 1
Randomize answers: No

Question 3

If you have a $100 a day benefit that increases by a simple 5% a year, it will become how much in 20 years?

Type: Multiple choice
Points: 1
Randomize answers: No

Question 4

If you have a $100 daily benefit that increases by a COMPOUNDED 5% a year, it will become how much in 20 years?

Type: Multiple choice
Points: 1
Randomize answers: No

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