Evaluate the Expression $$\left( \begin{array} { l } 3 \\3\end{array} \right)$$

question 277

Multiple Choice

Evaluate the expression.
- $$\left( \begin{array} { l } 3 \\3\end{array} \right)$$

• A) 0
• B) 1
• C) 2
• D) 6

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Definitions:

Variable-rate Loan

A loan where the interest rate can change over time based on an underlying benchmark or index.

Compounded Monthly

A method of calculating interest where the earned interest is added to the principal so that the balance doesn't merely grow, it grows at an increasing rate.

Combined Equivalent

A combined measure or assessment that brings together several different factors or values into a single, comprehensive figure.

Scheduled Payments

Periodic payments made by a borrower to a lender under the terms of a loan.