Sinclair wishes to supplement his retirement income by $250 per month for the next 12 years. He plans to obtain a reverse annuity mortgage (RAM) on his home to meet this need. Estimate the amount of the mortgage he will require if the prevailing interest rate is 11% per year compounded continuously.
?
A. $34,403
B. $19,987
C. $29,713
D. $34,790
E. $15,104
Answer: B
Mathematics
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A. -9
B. 9
C.
D.
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A. $2,826 B. $3,177 C. $3,200 D. $2,679
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Use the product rule to multiply. Assume all variables represent positive real numbers. ?
A.
B.
C.
D.
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Evaluate the expression without using a calculator.
a.
b.
c.
d. 64
e. -64
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