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NEW QUESTION: 1
Mr. Rusty owes the bank $1,040,000, he returns $40,000 quarterly to the bank. If the tax on the money Rusty owes is compounded quarterly by 0.25% starting before Rusty paid the first payment, how months would it take poor Rusty to reach a point where he owes the bank no more than 1 million dollars?
A. 6.
B. 12.
C. 9.
D. 3.
E. 15.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Every three months Rusty gives the bank $40,000.
After the first quarter the bank took (0.0025 x 1040000 = 2600) and Rusty paid $40,000 so the new Debt is now (1,040,000 - 40,000 + 2,600 = 1,002,600).
After the second quarter the bank took (0.0025 x 1002600 = 2506.5) and Rusty paid again $40,000 so the new Debt is now (1,002,600 - 40,000 + 2506.5 < 1 million dollars).
NEW QUESTION: 2
A. Option B
B. Option D
C. Option A
D. Option C
Answer: D
NEW QUESTION: 3
On an EMC Avamar server, which activities can be performed while garbage collection is running?
A. Perform backups, replicate data, and modify client configuration
B. Restore, browse existing backups, and queue backups
C. Delete backups, change retention settings, and perform backups
D. Restore, delete backups, and receive replicated data
Answer: B
NEW QUESTION: 4
A. Option B
B. Option D
C. Option A
D. Option C
E. Option E
Answer: B
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