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jeka94
3 years ago
6

Determine the maturity date and compute interest for each note. (Use 360 days a year. Do not round intermediate calculations.) N

ote Contract Date Principal Interest Rate Period of Note (Term) 1. March 19 $ 28,000 6 % 60 days 2. May 11 33,000 8 90 days 3. October 20 21,000 4 45 days
Business
1 answer:
Alinara [238K]3 years ago
5 0

Explanation:

The determination of the maturity date and the interest for each notes is as follows

Contract date    Maturity Month Maturity Date   Interest expenses

March 19                  May                         18                           $280

May 11                      August                     9                            $660

October 20             December               4                             $105

For March 19, the interest expense calculation is

= $28000 × 6% × 60 days ÷ 360 days

= $280  

For May 11, the interest expense calculation is

= $33,000 × 8% × 90 days ÷ 360 days

= $660

For October 20, the interest expense calculation is

= $21000 × 4% × 45 days ÷ 360 days

= $105                                                        

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Answer:

Money is: any good that buyers and sellers have a desire to purchase, use, or hold. only the printed paper currency and the coins that are produced by the government. anything that both buyers and sellers will accept in exchange for goods and services. the gold and silver behind the currency and the coins that are issued by the government.

Explanation:

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8 0
3 years ago
Read 2 more answers
Consider the needs of the market. Often businesses and individuals decide to specialize in a product or service. Conduct brief r
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Answer: These address the needs of the market and creates a place for the service provider in same market

Explanation:

I'll explain this specialization aspect with a business model.

The business model I would use is a car wash business. The normal traditional car wash business has a people get their car washed along the road by anyone just to look clean, but the model I'll present is that which is different where cars are given detailed washing from customer service to quality services; the water used is treated, the finest of soap is applied all at an affordable price. If we examine this from the traditional car wash we'd realize it's different and this is far better.

These address the needs of the market and creates a place for the service provider in same market

7 0
3 years ago
The market demand for wheat is Q = 100 − 2p + 1pb + 2Y . If the price of wheat, p, is $2, and the price of barley, pb, is $3, an
stira [4]

Answer:

0.95

Explanation:

Given that,

Market demand for wheat: Q = 100 − 2p + 1pb + 2Y

price of wheat, p = $2

price of barley, pb = $3

Income, Y = $1000

Q = 100 − 2p + 1pb + 2Y

   = 100 - (2 × 2) + (1 × 3) + (2 × 1,000)

   = 100 - 4 + 3 + 2,000

   = 2,099

Differentiating Q with respect to Y,

dQ/dY = 2

Income elasticity of wheat:

= (dQ/dY) × (Y ÷ Q)

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4 0
4 years ago
Which group is the primary source of financial support that benefits all wildlife species?
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The group that is the primary source of the financial support needed for wildlife species is <u>Hunters</u>.

The main source of the financial support that the nation uses to fund wildlife conservation efforts to protect various wildlife species is hunting licenses.

Hunting licenses are issued to hunters so in effect, hunters are the chief financiers for conservation efforts. This is quite peculiar and one could say that it balances out the killing of animals by hunters.

In conclusion, the answer is hunters.

Find out more about hunters at brainly.com/question/978526.

8 0
3 years ago
Grand Adventure Properties offers a 7 percent coupon bond with annual payments. The yield to maturity is 5.85 percent and the ma
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Answer:

The market price of this bond is: $1,069.8.

Explanation:

To calculate the market price of the bond, we have to use the following formula:

Bond Price= C*((1-(1+r)^-n)/r)+(F/(1+r)^n)

C= periodic coupon payments: $1,000*7%= $70

F= Face value: $1,000

r= Yield to maturity: 5.85%

n= No. of periods until maturity: 8 years

Bond Price= 70*((1-(1+0.0585)^-8)/0.0585)+(1,000/(1+0.0585)^8)

Bond Price= 70*((1-0.635)/0.0585)+(1,000/1.58)

Bond Price= 70*6.24+633

Bond Price= 436.8+633

Bond Price= 1,069.8

7 0
3 years ago
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