Table 24-11

question 459

Multiple Choice

Table 24-11. Megan's salary for three consecutive years, along with other values, is presented in the table below.
-Refer to Table 24-11. The nominal interest rate for 2012 is

• A)0.93 percent.
• B)6.70 percent.
• C)4.44 percent.
• D)4.47 percent.

---

Definitions:

Automobile Insurance

Insurance coverage for cars, trucks, motorcycles, and other road vehicles, providing protection against physical damage and/or bodily injury resulting from traffic collisions and against liability that could also arise therefrom.

Key-Person Insurance

A life insurance policy on a key employee whose death would cause a financial loss to the business.

Homeowners' Insurance

An insurance policy that provides financial protection against losses and damages to an individual's home and assets in the home.

Insurable Interest

A requirement for purchasing insurance, denoting the policyholder must stand to lose financially if the insured event occurs.