Find the exact value of the expression.
A. -2
B. - 
C. -
D. - 
Answer: B
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Marcus Jones wants to invest $10,000 on January 1, 2014, so that he may withdraw 10 annual payments of equal amounts beginning January 1, 2029. If the fund earns 10% annual interest over its life, what will be the amount of each of the withdrawals?
A. $10,000 B. $14,709 C. $16,181 D. $28,402
Solve the problem.In a recent year, the total receipts for the US federal government were $2154 billion. The total outlays were $2472 billion. The deficit was $318 billion. What would the deficit have been, if there had been a 2% decrease in total receipts?
A. $361 billion B. $369 billion C. $355 billion D. $365 billion
Solve the problem.You need a $120,690 loan. Compute the monthly payment for each of the loan options listed below. Assume that the loans are fixed rate.Option 1: a 30 year-loan at an APR of 7.15%Option 2: a 15-year loan at 6.75%
A. Option 1: $832.96 Option 2: $1116.40 B. Option 1: $803.13 Option 2: $1035.62 C. Option 1: $829.12 Option 2: $1104.52 D. Option 1: $815.15 Option 2: $1068.00
Write the first five terms of the geometric sequence with the given first term a and common ratio r.a = 4; r = 5
A. 4, 9, 14, 19, 24 B. 20, 100, 500, 2500, 12,500 C. 5, 20, 80, 320, 1280 D. 4, 20, 100, 500, 2500