Financial Planning questions.

1) When the declining-balance method of calculating interest on installment loans is used, the simple rate of interest and the APR will differ only if fees boost the finance charge. True or false?

2) Disability income policies can be written on ____ basis.

a. an own-occupation.

b. an any-occupation

c. a split-definition

d. all of these

3)Traditional health insurance plans typically have ____ and ____ requirements that result in out-of-pocket costs for the insured.

a. deductibles; coinsurance

b. Medicare; Medicaid

c. HMOs; PPOs

d. POS; PSN