Answer:
a. $58,400
Explanation:
A discounted note, will make the person receive a lesser amount than the amount due at maturity. This way the person who grants the note is receiving interest for borrowing.
<em><u>Calculations</u></em>
principal x discount rate x time = discount
<em><u>Where</u></em> rate and time should be expressed in the same metric IE if the rate is annual express time in portion of years if it is monthly, in months.
60,000 x 0.08 x 120/360 = 1,600
Now, we subtract this amount form the nominal:
nominal - discount = net
60,000 - 1,600 = <u>58,400</u>
I think it's 3 (The healthcare field will create new jobs because more people will need care)
I hope it helped you!
Answer:
customs, history, and time-honored beliefs
Explanation:
A traditional economy is a system that relies on customs, history, and time-honored beliefs. Tradition guides economic decisions such as production and distribution. Societies with traditional economies depend on agriculture, fishing, hunting, gathering, or some combination of them. They use barter instead of money.
Answer:
$20,582.03
Explanation:
For this question, we have to determine the future value that is shown on the attachment. Kindly find it below:
Data provided in the question
NPER = 5 years
PMT = $3,800
Rate of interest = 4%
PV = $0
The formula is shown below:
= -FV(Rate;NPER;PMT;PV;type)
So, after solving this, the future value is $20,582.03
