« previous next »

Author Question: Bill was severely injured by an uninsured driver. Bill did not purchase uninsured motorists ... (Read 89 times)

ssal

  • Hero Member
  • *****
  • Posts: 572
on: Jul 11, 2018
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
Foundations of Finance ¦ Keown, Petty, Martin ¦ 9th Edition
Buy Test-Bank


braelync

  • Sr. Member
  • ****
  • Posts: 350
Reply #1 on: Jul 11, 2018
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
« previous next »
 

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Bill Viola, The Reflecting Pool. Bill Viola, The Reflecting Pool.
Bill Viola, Sketch for the set of The Greeting. Bill Viola, Sketch for the set of The Greeting.
Mel Chin, Operation Paydirt/Fundred Dollar Bill Project. Mel Chin, Operation Paydirt/Fundred Dollar Bill Project.
The driver information display on a Chevrolet Impala with a 5.3 liter V-8 equipped with active fuel ... The driver information display on a Chevrolet Impala with a 5.3 liter V-8 equipped with active fuel ...
A typical low-side driver (LSD) which uses a control module to control the ground side of the relay ... A typical low-side driver (LSD) which uses a control module to control the ground side of the relay ...
Applying the bill of rights to the states Applying the bill of rights to the states
Video: Endocytosis - pinocytosis, receptor mediated and Transcytosis

For a complete list of videos, visit our video library