On January 1, 2017, Mam Co. borrows $440000 cash from a bank and in return signs an 8% installment note for five annual payments of $110201 each, with the first payment due one year after the note is signed.

answer: c

substitute in the values.

for a:

f(0) = 0 + 9

f(0) = 9

a is a solution.

for b:

f(7) = 14 + 9

f(7) = 23

b is a solution.

for c:

f (3) = 6 + 9

f(3) = 15

c is not a solution. it's supposed to be 14.

for d:

f(2) = 4 + 9

f(2)= 13

d is a solution.