Author Question: Bill was severely injured by an uninsured driver. Bill did not purchase uninsured motorists ... (Read 83 times)

ssal

  • Hero Member
  • *****
  • Posts: 572
Bill was severely injured by an uninsured driver. Bill did not purchase uninsured motorists coverage, and the other driver, although held liable, could not pay the damages awarded.
 
  After exhausting other sources of recovery, Bill learned that his state is one of a few states that has a special fund to compensate innocent accident victims. These state funds are called
  A) guaranty funds.
  B) unsatisfied judgment funds.
  C) rainy-day funds.
  D) second injury funds.

Question 2

You plan to go to Asia to visit friends in three years. The trip is expected to cost a total of 10,000 at
  that time. Your parents have deposited 5,000 for you in a Certificate of Deposit paying 6 interest
  annually, maturing three years from now.
 
  Uncle Lee has agreed to pay for all remaining expenses.
  If you are going to put Uncle Lee's gift in an investment earning 10 over the next three years, how
  much must he deposit today, so you can visit your friends three years from today?
  A) 5,801 B) 3,757 C) 3,039 D) 3,345


braelync

  • Sr. Member
  • ****
  • Posts: 350
Answer to Question 1

Answer: B

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

For a complete list of videos, visit our video library