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11. * Homework Help - Q&A from Or x Midterm Exam - Fall 2022 X C | Chegg.com X G A person purchased a $
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* Homework Help - Q&A from Or x Midterm Exam - Fall 2022 X C | Chegg.com X G A person purchased a $ home x + > C mylab.pearson.com/Student/PlayerTest.aspx?testld=246834802 Fundamental Mathematics I - Fall 2022 40223482 Student 10/26/22 12:38 PM @ E Test: Midterm Exam - Fall 2022 Question 11 of 20 This test: 20 point(s) possible This question: 1 point(s) possible Submit test Many tax preparation firms offer their clients a refund anticipation loan (RAL). For a fee, the firm will give a client his refund RAL Fee Question list K RAL Amount when the return is filed. The loan is repaid when the Internal Revenue Service sends the refund directly to the firm. Thus, the RAL fee is equivalent to the interest charge for a loan. The schedule in the table on the right is from a major RAL lender. Use $0 - $500 $29.00 this schedule to find the annual rate of interest for a $3,302 RAL, which is paid back in 37 days. $501 - $1,000 $39.00 $1,000 - $1,500 $49.00 O Question 10 $1,501 - $2,000 $69.00 $2,001 - $5,000 $89.00 (Assume a 360-day year.) Question 11 O Question 12 What is the annual rate of interest for this loan? % (Round to three decimal places.) O Question 13 O Question 14 O Question 15 O Question 16 Question 17 O Question 18 Time Remaining: 01:58:43 Next* Homework Help - Q&A from Or x Midterm Exam - Fall 2022 X C | Chegg.com X G A person purchased a $ home x + C mylab.pearson.com/Student/PlayerTest.aspx?testld=246834802 Fundamental Mathematics I - Fall 2022 40223482 Student 10/26/22 12:39 PM @ E Test: Midterm Exam - Fall 2022 Question 12 of 20 This test: 20 point(s) possible This question: 1 point(s) possible Submit test Since life expectency has increased in the last century, the number of Alzheimer's patients has increased dramatically. The number of patients in the United States reached 4 million in 2000. Using Question list K data collected since 2000, it has been found that the data can be modeled by the exponential function y = 4.19549 . (1.02531)", where x is the years since 2000. Estimate the Alzheimer's patients in 2025. Round to the nearest tenth. O Question 10 O A. 4.8 million O Question 11 O B. 8.0 million O C. 3.9 million O Question 12 O D. 7.8 million O Question 13 O Question 14 O Question 15 O Question 16 Question 17 O Question 18 Time Remaining: 01:58:23 Next* Homework Help - Q&A from Or x Midterm Exam - Fall 2022 X C | Chegg.com X G A person purchased a $ home x + > C mylab.pearson.com/Student/PlayerTest.aspx?testld=246834802 Fundamental Mathematics I - Fall 2022 40223482 Student 10/26/22 12:39 PM @ E Test: Midterm Exam - Fall 2022Step by Step Solution
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