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attashe74 [19]
3 years ago
14

Carl Sonntag wanted to compare what proceeds he would receive with a simple interest note versus a simple discount note. Both ha

d the same terms: $19,500 at 8% for 2 years. Use ordinary interest as needed
Compare the proceeds.
Business
1 answer:
nadya68 [22]3 years ago
3 0

Answer:

The proceeds from the simple discount note is $16380 , while that of simple interest is $19500

Explanation:

Simple discount notes could likened to a bank loan where interest on the loan is taken from the borrowed funds before disbursement to the loan's beneficiary,hence proceeds from such notes is face value of the notes less interest taken in advance.

While on the other hand,the proceeds from simple interest note is par or face value.

The discount or interest  is =8%*$19500=$1560 for one year,but $3120  for two years($1560*2)

The proceeds on the simple discount note =$19500-$3120

                                                                         =$16380

The proceeds on the simple interest note is face value of $19500

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3 years ago
A homebuilder negotiates a deal with a farmer to give the farmer a percentage of the profit on homes the homebuilder builds and
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C. Yes, because the farmer is making a percentage of the profit

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Hope this Helps.

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3 years ago
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Part-time workers who want full-time work are counted as: A.) fully employed and therefore the official unemployment rate may ov
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6 0
3 years ago
Suppose that in 1984 the total output in a single-good economy was 10,000 buckets of chicken. Also assume that in 1984 each buck
goldenfox [79]

Answer:

A= 62.5; B=60%; C = $160,000 and $352,000

Explanation:

A.

in 1984 each bucket of chicken was priced at $10 (nominal GDP)

in 2005 the price per bucket of chicken was $16 (real GDP)

GDP price index = nominal GDP divided by the real GDP × 100

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B.

In 1984, Price of each bucket = $10

In 2005, Price of each bucket = $16

Percentage difference = price In 2005 - price in 1984/price in 1984 × 100

= (16 - 10)/10 × 100

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C.

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In 2005, total buckets of chicken produced = 22000

real GDP in 1984 = total buckets of chicken produced × current price per bucket in 2005

= 10,000 × $16

= $160,000

real GDP in 2005 = total buckets of chicken produced in 2005 × current price per bucket in 2005

  = 22000 × $16

= $352,000

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3 years ago
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Answer:

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Explanation:

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