Use the compound interest formula to determine the accumulated balance after the stated period. Assume that interest is compounded annually.$10,000 is invested at an APR of 2.4% for 18 years.
A. $14,320.00
B. $14,965.78
C. $15,324.96
D. $14,080.00
Answer: C
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What is the formula for the present value of an annuity due?
A. 
B. 
C. 
D. 
Answer the question.Many insurance companies carry a deductible provision that states how much of a claim you must pay out of pocket before the insurance company pays the remaining expenses. Suppose you have a car insurance policy with a $800 deductible provision (per claim) for collisions. During a two-year period, you file claims for $650 and $1200. The annual premium for the policy is $450. Determine how much you would pay with and without the insurance policy.
A. With policy $2500, without policy $1850 B. With policy $1950, without policy $2000 C. With policy $1900, without policy $1850 D. With policy $2350, without policy $1850
Solve the problem. Refer to the table if necessary.
Kevin is married, but he and his wife filed separately. His gross salary was $34,707, and he earned $466 in interest. He had $1848 in itemized deductions and claimed three exemptions for himself and two children. Find his taxable income.
A. $14,825 B. $22,925 C. $24,773 D. $16,673
Complete the identity.2 tan ? - (1 + tan ?)2 = ?
A. 0 B. -sec2 ? C. 1 - sin ? D. 1