Author Question: Bill was severely injured by an uninsured driver. Bill did not purchase uninsured motorists ... (Read 51 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?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

For a complete list of videos, visit our video library