Find the Distance Between the Pair of Points $\left( \frac { 1 } { 2 } , \frac { 1 } { 7 } \right)$

question 10

Multiple Choice

Find the distance between the pair of points. Round to the nearest thousandth.
- $\left( \frac { 1 } { 2 } , \frac { 1 } { 7 } \right)$ and $\left( \frac { 3 } { 4 } , \frac { 8 } { 7 } \right)$

• A) \(0.250\)
• B) 4
• C) \(1.031\)
• D) \(0.970\)

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Definitions:

Effective Annual Rate

The interest rate on an investment or loan that is annualized, taking compounding into account.

Compounded Quarterly

Refers to the calculation of interest on a principal amount, where the interest is added back to the principal sum after each quarter, leading to interest being calculated on a new, higher total.

Average Rate

Typically refers to the mean value of a series of rates (such as interest or exchange rates) over a specified period of time.

Investment Account

A type of financial account that holds investments such as stocks, bonds, mutual funds, and ETFs, often managed by financial institutions or individuals to meet long-term financial goals.