Find a Pattern and Use It to Solve the Problem

question 3

Multiple Choice

Find a pattern and use it to solve the problem.
-Find the next term: 21, 4, 17, 6, 11, 8

• A)0
• B)19
• C)3
• D)7

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Definitions:

Personal Savings

The portion of an individual's income that is not spent on consumption and is set aside for future use.

Credit Union

A financial institution that is owned and operated by its members, focusing on providing credit at competitive rates as well as other financial services.

Maturity Value

For an interest-bearing note, it is the sum of the face value (principal) and the interest dollars: MV = P + I.

360-Day Year

An accounting assumption that simplifies interest calculations by using a year composed of twelve 30-day months.