17.The current price on iphone 11 pro max is $3,900. The iphone Xr prices have dropped at an average rate of 9% per year in recent years. If you expect this trend to continue, how much will this style of television cost in three years?

Select one:

a. $2,939

b. $5,050

c. $4,633

d. $2,999

18. What is the highest effective rate attainable with a 12 percent nominal rate?

Select one:

a. 12.55%

b. 12.95%

c. 12.00%

d. 12.75%

19. What type of loan requires both principal and interest payments as you go by making equal payments each period?

Select one:

a. Amortized loan

b. Discount loan

c. Compound loan

d. Interest-only loan