A City License Plates Consist of Three Letters Followed by Three

question 13

Multiple Choice

A city license plates consist of three letters followed by three numerals. Suppose 250 letter arrangements are not allowed. How many plates can New York issue? ​

• A) 17,576,000
• B) 17,326,000
• C) 17,576,250
• D) 15,818,150
• E) 15,818,650

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Definitions:

Annualized Yield

The yearly return on an investment, expressed as a percentage, accounting for compounding interest.

Maturity

The specified time in the future when the principal amount of a financial instrument, such as a bond, becomes due and is repaid to the investor.

Bonds

Fixed-income investments representing loans made by an investor to a borrower, typically corporate or governmental.

Real Rate Of Return

The annual rate of return on an investment, adjusted for inflation, reflecting the actual purchasing power of the earnings.