Suzette Is Going to Receive £10,000 Today as the Result

question 7

Multiple Choice

Suzette is going to receive £10,000 today as the result of an insurance settlement.In addition, she will receive £15,000 one year from today and £25,000 two years from today.She plans on saving all of this money and investing it for her retirement.If Suzette can earn an average of 11% on her investments, how much will she have in her account if she retires 25 years from today?

• A)£536,124.93
• B)£541,414.14
• C)£546,072.91
• D)£570,008.77
• E)£595,098.67

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Definitions:

Fire and Theft

Refers to a type of insurance coverage that protects against the specific losses of fire damage and theft.

Victims

Individuals who suffer harm as a result of criminal activity, negligence, or another wrongful action.

Last Clear Chance Doctrine

A largely outdated principle of torts that the last person capable of avoiding the accident is wholly responsible.

Liability

Legal responsibility for one's actions or omissions, which can lead to civil duty or financial compensation.