Find the Indicated Term Using the Given Information

question 80

Multiple Choice

Find the indicated term using the given information.
-a = -9 , d = -3 ; a8

• A) 12
• B) 15
• C) -30
• D) -33

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Definitions:

Discounted

Reduced in price or value, often to encourage purchase or reflect the present value of future cash flows.

Simple Interest

Simple interest is a method of calculating the interest charge on a loan or investment based on the original principal amount and not on accumulated interest.

Contract

A legally binding agreement between two or more parties that outlines terms and conditions.

Required Rate

The minimum return or interest rate a lender demands or an investor expects to receive from an investment.