A Lobbyist in Our Nation's Capitol Must Buy 250 Votes

question 70

Multiple Choice

A lobbyist in our nation's capitol must buy 250 votes in the House of Representatives and Senate to win passage of a bill to add Millard Fillmore's face to Mount Rushmore.Votes in Congress can be purchased according to the following process: V = CM/100,000, where C is the number of dollars contributed to campaign funds and M is the number of three-martini lunches.If three-martini lunches cost $25 each, what is the smallest expenditure the lobbyist could make to ensure Mr.Fillmore's proper place in history?

• A)$1,000,000
• B)$25,000,025
• C)$130,000
• D)$50,000
• E)$25,000,000

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Definitions:

Compounded Quarterly

This is the procedure of determining interest by adding it to the original investment amount as well as the previously accumulated interest, performed every quarter.

Semi-Annual Period

A six-month time frame or duration, often used in the context of payments, compounding interest, or reporting intervals.

Compounded Monthly

Refers to the calculation of interest added to the principal of a deposit or loan based on a monthly cycle.

Quarterly Compounding

The process of calculating interest earned on an investment or loan every three months, leading to interest being earned on interest.