Solve the problem.Calculate the annual interest for a $1000 Treasury bond with a current yield of 2.5% that is quoted at 109 points.
A. $32.70
B. $22.50
C. $20.00
D. $27.25
Answer: D
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Compound interest is
A. calculated by multiplying the principal times the rate times the period of time. B. interest on the original principal plus any past unpaid accrued interest to date. C. interest on the original principal paid or received. D. interest on any past unpaid interest accrued to date.
Find the indicated sum.
A. 54 B. 162 C. 108 D. 81
Use the information given about the angle ?, 0 ? ? ? 2?, to find the exact value of the indicated trigonometric function.sin ? = 
, tan ? < 0Find sin (2?).
A. 
B. 
C. - 
D. 
Aunt Darla has agreed to deposit a lump sum into an account that pays 12% interest compounded annually in order to pay for her niece's college education. The niece estimated that she will need to withdraw $40,000 at the beginning of each year for four years to pay for room, board, tuition, and books. Aunt Darla will deposit the lump sum on August 1, 2016, and the niece will make the first withdrawal on August 1, 2022. ? Required: ? Determine the amount that Aunt Darla must deposit. Clearly label all work.
What will be an ideal response?