Answer:=Jones recognizes $386.9 as interest
Explanation:
Fiscal year ending July 31st
there are 23 days between when the cash as issued ie July 8 and the end of the fiscal year on July 31st
Given amount or Principal amount = $75,700
Rate= 8%
Interest = Principal x Rate x Time
$75,700 x 8% x 23/360=$75,700 x 0.08 x 23/360
=$386.9
Jones recognizes $386.9 as interest in the current fiscal year.
Answer:
The answer is below
Explanation:
Scientific notation is a way in which real numbers both big and small are represented in decimal form. It is represented by dividing the number into two parts in the form of a × 
, where 1 ≤ |a| ≤ 10 and b is to the power of ten which makes it equal to the original number.
Answer:
a. increase over time, reaching par value at maturity
Explanation:
If current yield is more than coupon rate, it means that the bond price is less than par value, as time to maturity decreases bond value amortizes to par value. Thus, If an investor purchases a bond when its current yield is higher than the coupon rate, then the bond's price will be expected to <u>increase over time, reaching par value at maturity.</u>
The answer is: D) The Federal Reserve affects monetary policy.
Federal reserve had the power to create monetary policies in order to regulate inflation rate in the country.
These monetary policies are being made to control either the amount of money supply or the amount of money circulated in the market. (If the amount of money held by people reduced, the inflation rate tend to go down. This is how they make the control)
