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tresset_1 [31]
3 years ago
15

Assume the $19,500 Treasury bill, 4% for 15 weeks. Calculate the effective rate of interest.

Business
1 answer:
Svet_ta [14]3 years ago
6 0
The effective interest rate is calculated through the equation,
                               ieff = (1 + i/r)^r - 1
where ieff is the effective interest, i is the nominal interest, and r is the number of 15 weeks in a year. Every year, there are 52 weeks. Thus, there are 3.467 15-weeks approximately. Substituting this into the equation,
                                  ieff  = (1 + 0.04/3.467)^3.467 - 1
                                  ieff = 0.04057
                                     ieff = 4.057%
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3 0
3 years ago
Which of the following reflects a true relationship between making decisions and reaching objectives
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Answer:

Answer choice not here?

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Some people are in favor of reducing Federal taxes to increase consumer spending others are against it. Two person are selected
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Answer:

Explanation:

There are four possible outcomes

In favor, in favor

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<u>Outcome      1                 2 </u>

1                  For             Against

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8 0
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Permanent accounts would not include: a. Accumulated depreciation b. Cost of goods sold. c. Current liabilities d. Inventory
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Answer:

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<em>Asset accounts such as accumulated depreciation and inventories or Liability accounts like current liabilities are considered permanent accounts. Cost of goods sold is considered a temporary account.</em>

8 0
3 years ago
suppose the labor force in an economy equals 153 million workers. out of 153 million workers, 145.2 million workers are employed
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The unemployment rate equals 5.10 percent

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unemployment rate=5.10%

Find out more about unemployment rate on:brainly.com/question/18120862

#SPJ1

4 0
1 year ago
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