Solve the problem.After a new firm starts in business, it finds that its rate of profits (in hundreds of dollars per year) after t years of operation is given by 
Find the profit in year 8 of the operation.
A. $64,000
B. $20,300
C. $57,050
D. $46,900
Answer: B
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Find the effective interest rate for the specified account.nominal yield, 9%; compounded monthly
A. 9.38% B. 109.38% C. 0.75% D. 0.09%
Find the amount of taxable income and the tax owed. The letter following the name indicates the marital status, and all married people are filing jointly. Use $3700 for each personal exemption; a standard deduction of $5800 for single people, $11,600 for married people filing jointly, $5800 for married people filing separately, and $8500 for head of a household; and the following tax rate schedule. 
A. $56,317; $8846.75 B. $51,722; $7698.00 C. $59,122; $9548.00 D. $48,917; $6996.75
Solve.How long will it take for prices in the economy to double at a 5% annual inflation rate? Use the exponential growth model 
(Round to the nearest year.)
A. 23 yr B. 12 yr C. 17 yr D. 14 yr
Provide an appropriate response.True or false? i3 = -i
A. True B. False