Decide whether the following statement makes sense or does not make sense. Explain your reasoning. An 18th-century philosopher once said, "A penny saved is a penny earned," but if he were alive today, he would be talking about a dollar rather than a penny CHIED Choose the correct answer below. OA. The statement does not make sense. Due to inflation, a penny in the 18th century has less purchasing power than a penny today OB. The statement makes sense. Due to inflation, a penny in the 18th century has about the same purchasing power as a dollar today OC. The statement makes sense. Due to inflation, a penny in the 18th century has less purchasing power than a penny today. OD. The statement does not make sense. The value of a penny is always 1 cent.

Decide whether the following statement makes sense or does not make sense. Explain your reasoning. An 18th-century philosopher once said, "A penny saved is a penny earned," but if he were alive today, he would be talking about a dollar rather than a penny CHIED Choose the correct answer below. OA. The statement does not make sense. Due to inflation, a penny in the 18th century has less purchasing power than a penny today OB. The statement makes sense. Due to inflation, a penny in the 18th century has about the same purchasing power as a dollar today OC. The statement makes sense. Due to inflation, a penny in the 18th century has less purchasing power than a penny today. OD. The statement does not make sense. The value of a penny is always 1 cent.

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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Question

Decide whether the following statement makes sense or does not make sense. Explain your reasoning.
An 18th-century philosopher once said, "A penny saved is a penny earned," but if he were alive today, he would be talking about a dollar rather than a penny
Choose the correct answer below.
A. The statement does not make sense. Due to inflation, a penny in the 18th century has less purchasing power than a penny today
OB. The statement makes sense. Due to inflation, a penny in the 18th century has about the same purchasing power as a dollar today
OC. The statement makes sense. Due to inflation, a penny in the 18th century has less purchasing power than a penny today.
D. The statement does not make sense. The value of a penny is always 1 cent.

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Find the monthly interest payment in the situation described below. Assume that the monthly interest rate is 1/12 of the annual interest rate.
You maintain an average balance of $1425 on your credit card, which carries a 12% annual interest rate.
The monthly interest payment is $
(Type an integer or a decimal.)
CLUD

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