Bikul has just started a great job and plans to buy a fancy car worth $100,000. bikul is risk-averse in money matters, but he likes to drive fast, so the probability that he wrecks the car (a total loss of $100,000) is 0.10. the probability that he has no accidents is 0.90. if an insurance company offers bikul a fair insurance policy, the premium will be:

select one:

a. $90,000.

b. it is impossible to calculate a premium unless we know bikul's utility function.

c. $80,000.

d. $10,000.

Tara and her parents want to save at least $40,000 for college in 8 years. which statement describes the most effective savings plan for tara and her parents to meet their goal? tara and her parents should make deposits of $300 every month into a college savings account. tara and her parents should make deposits of $450 every month into a college savings account. tara and her parents should make deposits of $3,000 every year into a college savings account. tara and her parents should make deposits of $4,000 every year into a college savings account