Solve.Calculate the monthly payment for a home mortgage of 
with a fixed APR of 3.0% for 15 years.
A. $1313.92
B. $3611.74
C. $35,568.06
D. $4378.47
Answer: B
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Interest compounded quarterly on a $100,000 principal amount at 12% for one year is
A. $11,151. B. $12,000. C. $12,551. D. $12,683.
Solve the problem.Suppose your after-tax income is $36,920. Your annual expenses are $30,787 for rent, $6851 for food and household expenses, $1305 for interest on credit cards, and $7997 for entertainment, travel, and other. You expect to get a 25% raise next year. Will this affect the outcome?
A. No, a raise would still create a deficit. B. Yes, a raise would create a surplus.
To calculate the present value of four annual installments of $1,000 at an 8% interest rate beginning on January 1, 2016 and payments due on December 31 of each year, one would use the present value of an ordinary annuity table.
Answer the following statement true (T) or false (F)
Find the slope of the line through the points.(1, 8) and (3, 3)
A. - 
B. 
C. - 
D. 