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Lonnie was the driver of a car involved in a hit-and-run accident that left a pedestrian in critical condition. A high speed pursuit ended when Lonnie crashed his car into a fence. He ran from the scene but was captured three blocks away. He was driven to the police station by Officer Marsh and Officer Nelson. During the drive the officers discussed the case: Officer Marsh: "Did you hear any more about the pedestrian?" "Have you heard anything about the pedestrian?" Officer Nelson: "Only what the EMT said - the poor guy is in bad shape, may not make it through the night." Officer Marsh: "So it could be a murder case?" Lonnie: "No!! I didn't mean to kill anyone!" One hour later Detective Olson questioned Lonnie in an interrogation room. He started by giving Lonnie the Miranda warnings and making sure Lonnie understood them. He then asked questions and Lonnie admitted that he was driving too fast, but he said he didn't hit the pedestrian. Detective Olson then told Lonnie that he had to stand in a line-up so people who witnessed the accident could decide if he was the person who was driving when the pedestrian was hit. Will Lonnie's statement that he didn't mean to kill anyone be admissible in court?
Withdrawals
The act of removing funds from a bank account or investment vehicle.
Compounded Quarterly
An interest calculation method where interest is added to the principal sum of a deposit or loan on a quarterly basis, leading to interest earning interest.
Present Value
The present worth of a future amount of money or series of cash inflows based on a certain return rate.
Retirement Annuities
Financial products that provide a stream of payments to individuals after retirement, typically funded through premiums paid over time.
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