Answer:
b. a discount.
Explanation:
A reduction from the list price that a seller gives a buyer as a reward for some activity of the buyer that is favorable to the seller is called __a discount._______.
C- “Erik bought a good book: he read it in one afternoon” has proper punctuation and capitalization.
Explanation: In A, “book, he read it” is wrong. In B and D, they capitalize “He” in “he read it” despite it not being a new sentence. None of these work, leaving C.
Answer:
:(A) present value factors
Explanation:
Given that you need to have $35,000 on hand to buy a new Lexus five years from today. To achieve that goal, you want to know how much you must invest today in a certificate of deposit guaranteed to return you 3% per year.
i.e. we have to calculate how much to invest when we want to have 35000 dollars on hand after 5 years from today.
Rate is given as 3% per year.
So we have to find the present value factor
The formula used is if P is to be invested
P(1.03)^t = 35000 $ assuming compound interest.
So P = 35000 (1.03)^(-t)
Thus we are calculating present value factor
Answer is
:(A) present value factors
Answer:
312.5 million
-3.68 million
11040
Explanation:
The amount of deposits is $312.5 million
The reserve shortage created by deposit outflow of 4 million is - $3.68 million
The cost of the reserve shortage if Angus Bank borrows in the federal funds market is (federal funds rate is 0.3%) is $11040
