Find the Sum Using the Formulas for the Sums of Powers

question 164

Multiple Choice

Find the sum using the formulas for the sums of powers of integers. $\sum _ { n = 1 } ^ { 16 } n$

• A)18,496
• B)8,976
• C)1,496
• D)272
• E)136

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Definitions:

Listed Property

Assets required to be reported for tax purposes because they have the potential for personal use, such as cars, computers, and real property.

Standard Mileage Rate

The IRS-set rate per mile that taxpayers can use to calculate deductions for business, charitable, medical, or moving purposes when using a vehicle.

Depreciation

The accounting method of allocating the cost of a tangible asset over its useful life to account for the decline in value over time.

Lease Payments

Regular payments made by a lessee to a lessor for the use of an asset over a specified period.