The value of $60 deposited in a bank for six years at a rate of 10 percent compounded annually is:  (Solve using the financial calculator. Select the best answer.)

The portion is equaled to the base divided by the rate.

Janet Woo received the following grades in an accounting class at McClenan Community College: 65, 80, 70, 100, 75, and 90. The instructor said he would drop the lowest grade. What is Janet’s mean score?

A $40,000 loan at 4 percent dated June 10 is due to be paid on October 11. The amount of interest is: (Assume ordinary interest)

 The trade discount results if the customer pays the bill within the discount period.

At the inception of a mortgage, the major portion of the monthly payment is used to pay off the principal.

At the inception of a mortgage, the major portion of the monthly payment is used to pay off the principal.

An annuity is:

Gap sells jeans that cost $21.00 for a selling price of $29.95. The percent of markup based on cost is:

Janet Woo received the following grades in an accounting class at McClenan Community College: 65, 80, 70, 100, 75, and 90. The instructor said he would drop the lowest grade. What is Janet’s mean score?