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Author Question: Sarah purchased a Personal Auto Policy with liability limits of 50/100/25. Sarah ran a stop sign and ... (Read 96 times)

FButt

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on: Jul 11, 2018
Sarah purchased a Personal Auto Policy with liability limits of 50/100/25. Sarah ran a stop sign and hit a van. The van sustained 15,000 in damages.
 
  The following bodily injuries were suffered by passengers in the van: Passenger 1, 15,000; Passenger 2, 60,000; and Passenger 3, 10,000. Sarah sustained 5,000 in medical expenses, and Sarah's car sustained 10,000 in damages. How much will Sarah's insurer pay under Part A: Liability Coverage?
  A) 90,000
  B) 100,000
  C) 115,000
  D) 125,000

Question 2

The present value of 1,000 to be received in 5 years is ________ if the discount rate is 12.78.
 
  A) 368 B) 687 C) 494 D) 548


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GCabra

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Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: A

Answer to Question 2

D


FButt

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Reply 2 on: Jul 11, 2018
Great answer, keep it coming :)

amynguyen1221

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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