1. Aircraft liability coverage is similar to automobile liability except for the inclusion of

medical payments coverage.

admitted liability coverage.

world wide coverage.

the absence of an employee exclusion.

2. Say you bought a house for $195,000 with 10% down, and financed it from a bank for a 30-year term at 5.00% interest per year compounded monthly. If you can make a monthly payment of $750 only, what balloon amount should the bank be ready to have at the end of the 30-year period?

$129,467

$136,987

$148,987

$159,895