Answer the question.In a school survey, students showed these preferences for instructional materials. Answer the question.
About how many students would you expect to prefer computers in a school of 850 students?
A. About 306 students
B. About 36 students
C. About 170 students
D. About 153 students
Answer: A
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?All of the following are conditions for an annuity due except
A. ?periodic cash flows must be equal in amount. B. ?the time periods between the cash flows are the same length. C. ?the interest rate is constant for each time period. D. ?interest is compounded at the end of each time period.
Find the monthly interest payments in the situation described. Assume that monthly interest rates are 1/12 of annual interest rates. Ashton maintains an average balance of 
on his credit card which carries an annual interest rate of 
A. $1500 B. $12.50 C. $125 D. $150
You need a loan of $100,000 to buy a condo. Calculate your monthly payments and total closing costs for each choice.Choice 1: 30-year fixed rate at 4.25% with closing costs of $1261 and 1 pointsChoice 2: 20-year fixed rate at 3.75% with closing costs of $1261 and 3 points
A. Choice 1: $497.36; $2261 Choice 2: $602.49; $4261 B. Choice 1: $491.94; $2261 Choice 2: $592.89; $4261 C. Choice 1: $481.74; $2261 Choice 2: $542.26; $1261 D. Choice 1: $501.43; $3061 Choice 2: $463.16; $5061
The future value of an annuity due is determined one period after the first cash flow in the series.
Answer the following statement true (T) or false (F)