Provide an appropriate response.True or False? A progressive income tax means that people with a higher income pay at a higher tax rate.
A. False
B. True
Answer: B
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Interest calculated on the original principal regardless of the number of time periods that have passed or the amount of interest that has been paid or accrued in the past is
A. compound interest. B. simple interest. C. present value of future cash flows. D. future value of a single sum.
Decide whether the statement makes sense. Explain your reasoning.Raul is planning to invest his money for one year only. He chose an account paying simple interest at 5% per year which was clearly a better deal than an account paying a 4.6% APR with interest compounded annually.
What will be an ideal response?
Find the exact value of the expression.cos 285°
A. -
(
- 1)
B. -
(
+ 1)
C. - 
D. 
Establish the identity.
+ 
= 2 sec t
What will be an ideal response?