The Function P, Whose Graph Follows, Gives the Prime Rate

question 81

Multiple Choice

The function P, whose graph follows, gives the prime rate (the interest rate banks charge their best corporate customers) as a function of time for the first 32 wk during a year. Determine the values of t for which P is discontinuous.

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Definitions:

Adjusted Cash Balance

The final amount of cash available in an account after all adjustments, including deposits, withdrawals, and any interest earned, have been accounted for.

Check Register

A record book or electronic document used to track checks written, deposits made, and current balances in a checking account.

Outstanding Check

A check that has been written and issued but not yet cashed or cleared by the bank.

Service Charge

A charge imposed to cover expenses associated with the main product or service being acquired.