For the purposes of this question ASSUME that the pricing fo…
For the purposes of this question ASSUME that the pricing for the prearrangement WAS NOT GUARANTEED . FACTS: The John Greene prearrangment was entered inito in 1995, the total value of this contract was $5,500. Mr. Greene died in 2000. From 1995 to 2000 Mr. Greene had deposited $1,500 and the account had earned $450 in interest. The value of the funeral at the time of Mr. Greene’s death is $7,000. At the timie of Mr. Greene’s death the family must pay the funeral home.