Solve the problem.Southwest Dry Cleaners believes that it will need new equipment in 6 years. The equipment will cost $26,000. What lump sum should be invested today at 6% compounded semi-annually, to yield $26,000? Round to the nearest cent.
A. $18,235.88
B. $21,731.62
C. $21,894.60
D. $23,593.24
Answer: A
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Solve the problem using the rule of 78.Dallas Wright took out a 48-month fixed installment loan of $6000 to purchase a new all-terrain vehicle (ATV). He began making monthly payments of $210.00. Instead of making his 30th payment, Dallas decides to repay his loan in full. How much interest will Dallas save?
A. $553.40 B. $1465.71 C. $593.27 D. $25.96
Find the exact value of the expression.tan 345°
A. 
B. 2 + 
C. -2 - 
D. 
Solve the problem.If an object is propelled upward from a height of 112 feet at an initial velocity of 96 feet per second, then its height after t seconds is given by the equation 
After how many seconds does the object hit the ground?
A. 6.0 sec B. 3.5 sec C. 11 sec D. 7 sec
Write the appropriate difference equation. (Do not solve the difference equation.)A student's college fund is initially $10,000 invested in a savings account paying an annual interest rate of 6% compounded monthly, but $250 is withdrawn each month.
What will be an ideal response?