Solve the problem.June made an initial deposit of $6100 in an account for her son. Assuming an interest rate of 2% compounded quarterly, how much will the account be worth in 13 years?
A. $7901.06
B. $7906.15
C. $7866.82
D. $6979.33
Answer: B
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Solve the problem.The monthly payment on a(n) $89,000 loan at 3% annual interest is $493.59. What is the balance of principal after the first monthly payment?
A. $88,185.76 B. $89,222.50 C. $88,728.91 D. $88,644.00
Determine whether the relation is a function.
A. Not a function B. Function
Find the monthly interest rate.What is the monthly interest rate if an annual rate is 16.6%?
A. 1.3% B. 13.83% C. 15.6% D. 1.38%
As part of a quality-control program, the chess sets manufactured by Jones Brothers are subjected to a final inspection before packing. The rate of increase in the number of sets checked per hour by an inspector t hours into the 8 A.M. to 10 morning shift is approximately
?
?
How many sets does the average inspector check during a morning shift? (Hint: 
.)
?
__________ sets
Fill in the blank(s) with the appropriate word(s).