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21
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Which geometric formula would find the n th term for the sequence 5 , 10 , 20 , 40 ?

A
A sub n is equal to 5 times 2 raised to the n minus 1 power
B
an=5n
C
A sub n is equal to 10 times 2 raised to the n minus 1 power
D
an=10n
22
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What is the equation for the vertical asymptote of the function y=(x−2)/(x−3)

A
y is equal to 2
B
x is equal to 3
C
y is equal to 3
D
x is equal to 2
25

Which definition best describes a loan's annual percentage rate (APR)?

A
the original sum of money borrowed for a loan or the amount still owed on a loan
B
a type of short-term borrowing where a lender provides high-interest credit based on a borrower’s income
C
the additional costs associated with a loan's origination, late payments, or prepayment
D
a comprehensive measure of a loan's cost that includes all fees and interest
29

Which piecewise function represents the tax brackets shown? 12% for income up to $⁢40,000 22% for income between $⁢40,000 and $⁢85,000 32% for income over $⁢85,000

A
f⁡(x)={0.12⁢xif x≤40,0000.22⁢xif 40,000 85,000
B
f⁡(x)={0.12⁢xif x≤40,0004,800+0.22⁢(x−40,000)if 40,000 85,000
C
f⁡(x)={0.12⁢xif x≤40,0000.22⁢xif 40,001≤x≤85,0000.32⁢xif x≥85,000
D
f⁡(x)={0.12⁢xif x≤40,0004,800+0.22⁢(x−40,000)if 40,000 85,000
30

A deposit of $1,500 has an annual interest rate of 4% and is compounded monthly. How much will the investment be worth at the end of 3.75 years? A=P⁢(1+(r)/(n))^n⁢t

A
6 dollars comma 560 point 1 1
B
1 dollars comma 742 point 3 2
C
1 dollars comma 502 point 2 5
D
8 dollars comma 761 point 7 6
31

Kanaly writes articles for two different magazines. Let x represent the number of articles for Magazine A and y represent the number of articles for Magazine B. This scenario is modeled by the system of linear equations: x plus y is equal to 8 100 x plus 150 y is equal to 1 comma 000 Which of the following statements correctly interprets the x -intercepts of the equation x plus y is equal to 8 ?

A
The x -intercept represents Kanaly earning 800 dollars from Magazine A and none from Magazine B.
B
The x -intercept indicates that when 8 articles are written for Magazine B, the total number of articles written for Magazine A is 0.
C
The x -intercept represents Kanaly writing 10 articles for Magazine A and none for Magazine B.
D
The x -intercept represents Kanaly writing 8 articles for Magazine A and none for Magazine B.
34

Kristin earns $3,285 a month and wants to budget 27% of her monthly income for rent. What is the maximum amount of rent Kristin can afford?

A
1 dollars comma 216 point 6 7
B
886 point 9 5 dollars
C
8 dollars comma 869 point 5 0
D
121 point 6 7 dollars
36

Which term represents the total cost of borrowing money, including interest and fees?

A
closing cost
B
down payment
C
deferred payment plan
D
annual percentage rate
37

An investment compounds quarterly, or 4 times a year, and has a published annual interest rate of 3.4% The initial investment is $⁢8,000 Which equation can the investor use to find out how long it will take for the value to reach $⁢8.276⁢.28 ?

A
8 comma 000 is equal to 8 comma 276 point 2 8 times open paren 1 plus 0 point 0 3 4 over 4 close paren raised to the 4 t power
B
8 comma 276 point 2 8 is equal to 8 comma 000 times open paren 1 plus 0 point 0 1 2 over 4 close paren raised to the 16 t power
C
8 comma 276 point 2 8 is equal to 8 comma 000 times open paren 1 plus 0 point 0 3 4 over 4 close paren raised to the 4 t power
D
8 comma 000 is equal to 8 comma 276 point 2 8 times open paren 1 plus 0 point 0 1 2 over 4 close paren raised to the 16 t power
38

Zoya works for a firm as an accountant and earns additional income from consulting work. She has a mortgage and makes charitable donations. Which forms does Zoya need to file her tax return?

A
1040, W-2, and Schedule A
B
1040, 1099, Schedule A, and Schedule B
C
1040, W-2, 1099, and Schedule A
D
1040, W-2, 1099, and Schedule B
39

How could getting married impact a person's long-term budget?

A
It will likely have no impact on income or expenses.
B
It may eliminate personal debt.
C
It could increase both income and expenses.
D
It might automatically reduce monthly expenses.

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N/A — Exam Answers — Advanced Financial Algebra