Determine Whether the Number Is a Solution of the Equation $7 ; \quad 2 ( x - 8 ) = 16$

question 6

Multiple Choice

Determine whether the number is a solution of the equation
$7 ; \quad 2 ( x - 8 ) = 16$

• A) Yes
• B) No

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Definitions:

Future Contract

A standardized legal agreement to buy or sell something at a predetermined price at a specified time in the future.

Swap Contract

A financial derivative agreement between parties to exchange cash flows or other financial instruments over a specified time period.

Bond Discount

The discrepancy between a bond's nominal value and its selling price that occurs when the bond is retailed at a price lower than its nominal value.

Debt Extinguishment

Refers to the process of permanently removing a debt obligation through payment or other financial arrangements.