Evaluate the Sum $$\sum _ { i = 3 } ^ { 6 } ( i - 8 ) ^ { - 1 }$$

question 302

Multiple Choice

Evaluate the sum. Round to two decimal places, if necessary.
- $$\sum _ { i = 3 } ^ { 6 } ( i - 8 ) ^ { - 1 }$$

• A) \(2.27\)
• B) \(- 14\)
• C) \(- 3.95\)
• D) \(- 1.28\)

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Definitions:

U.S. Interest Rates

The rate at which interest is paid by borrowers for the use of money that they borrow from lenders, specifically within the United States.

Automatic Stabilizers

Economic policies and programs, such as unemployment insurance and taxation, that automatically help stabilize an economy by increasing or decreasing with the economic cycle.

Annually Budgeted

Annually budgeted refers to the process of allocating financial resources and planning expenditures for a year ahead.

Expansionary Gap

A situation where the actual economic output exceeds the potential output significantly, often leading to inflation.