Simplify the Expression

question 179

Short Answer

Simplify the expression.

---

Definitions:

Going Rate

The current average or standard price for goods or services in a particular market or industry.

Lottery

A form of gambling involving the drawing of numbers at random for a prize.

Annuity

A financial instrument that provides a regular sequence of payments to a person, mainly serving as a source of income for those who have retired.

Rate of Return

The gain or loss of an investment over a specified period, expressed as a percentage of the investment's initial cost.