Thank you sm! Happy December 1st! Mark b please?
The calculation uses the accumulated daily balance method (ADB).
We assume the statement is based on calendar month (rare!).
George owes $500 from beginning to end of June, so 30 days out of 30.
Interest accrued is 500*0.013*30/30=$6.50.
He also owes $2000 from June 12 to June 30, so 19 days inclusively.
Interest accrued is $2000*.013*(19/30)=16.47
Total interest at the end of the month=$6.50+$16.47=$22.97
Answer:
Following are the solution to the given question:
Step-by-step explanation:
Please find the complete question in the attached file.
The testing states value is:
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Through out the above equation its values Doesn't rejects the H_0 value, and its sample value doesn't support the claim that although the configuration of its dependent variable has been infringed.
It should be noted that monetary policy simply means the policy that's adopted by the monetary authority in a country in order to control interest rates and the money supply.
<h3>
Monetary policy.</h3>
Your information is unclear but the clear and complete ones will be answered appropriately. The main monetary policies include the reserve requirement, open market operations, discount rate, and the interest on reserves.
It should be noted that a larger money supply leads to the reduction of the market interest rates. This makes it less expensive for consumers to borrow.
Also, a smaller money supply raises the market interest rates. Expansionary monetary policy leads to an increase in the money supply. This will lead to an increase in expenditure and therefore, the aggregate demand will shift to the right.
Learn more about monetary policy on:
brainly.com/question/13926715
