Matching each scenario to the insurance needed for protection.
Tyrell's son has leukemia and will need cancer medications- Health insurance.Someone broke into Maria's house and stole her flat screen TV and other values- Homeowners insurance.Don wants to make sure his family has enough money to pay off the house if he dies- Life insurance.Jill broke both of her legs in a skiing accident. She will be out of work for several months while she recovers from her injuries- Disability insurance.Due to careless driving, Lisa hit another car and hurt the passengers inside- Liability insurance.What is insurance?Insurance can be defined as a coverage that help to cover cost or expenses in case of unforeseen or unexpected circumstances such as:
AccidentFireTheft etc.Therefore Tyrell's son has leukemia and will need cancer medications- Health insurance.
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QUESTION ONE / 10
Aaron wants to open a savings account. Which account will grow his money the most?
B. Account 2: Interest rate 1%, interest compounded daily.
A. Account 1: Interest rate 2%, Interest compounded daily.
D. Account 4: Interest rato 1%, interest compounded
annually.
C. Account 3: Interest rato 2%, interest compounded
monthly
Answer:
B. Account 2: Interest rate 1%, interest compounded daily
Explanation:
because since he want to be taking money from there regularly , he will need a rate of 2% and a interest compounded daily