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Artemon [7]
2 years ago
15

What type of promise to pay does a promissory note represent?

Business
2 answers:
Dvinal [7]2 years ago
8 0

Answer:

my left

Explanation:

Sonja [21]2 years ago
3 0
I’m not I’m sorry need points
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Assuming a 360 day year, the interest charged by the bank at the rate of 6%, on a 90 day discounted note payable of 100,000 is:_
Readme [11.4K]

Answer:B. $1,500

Explanation:

Interest revenue is  money earned when an entity or individual  loans   money to another.  it can also be regarded as money accrued  from investments. IT is calculated as  

Interest Revenue = Principal x Rate x Time

= $100,000 x 6%  x 90/360

= $100,000 x 0.06 x 0.25

= $1,500

Therefore the interest charge by the bank is $1500.

4 0
3 years ago
An annuity that goes on indefinitely is called a perpetuity. The payments of a perpetuity constitute a/an series. The equation i
stepladder [879]

Answer:

The present value of security is $2300

Explanation:

The value or price of the perpetuity today is calculated by dividing the constant cash flow it provides per period by the interest rate or the rate of return (r). Thus the price of this perpetuity according to the formula will be,

Value of perpetuity = Cash flow / r

Value of perpetuity = 115 / 0.05

Value of perpetuity = $2300

6 0
3 years ago
Who would be eligible for a 403b account?
Kamila [148]

The correct answer on Gradpoint is a government employee

3 0
3 years ago
Read 2 more answers
Becky makes $8.75 an hour plus benefits, which are an additional 13.5%.
ratelena [41]

Answer:

$9.93

Explanation:

Becky makes $8.75, the benefits are 13.5 % of $8.75.

Including benefits, Becky makes

=8.75 + ( 13.5 /100 x $8.75)

=$8.75 (0.135 x $8.75)

=$8.75 + $1. 18125

=$9.93125

=$9.93

8 0
3 years ago
Over the last several decades, the United States has usually had a trade surplus. a trade deficit. decreasing trade levels. bala
faltersainse [42]

Over the last several decades, the United States has usually had a trade deficit.

When the U.S. 2008 recession began, the trade deficit increased.

When net exports increase, GDP increases.

Trade deficit is when the import of an economy is greater than the export of the economy. Import are goods that are bought from foreign countries. Export are goods that are sold to foreign countries. As at August 2021, trade deficit in the United States was  $73.3 billion. This is higher than the forecasted amount of $70.5 billion.

During the 2008 recession, trade deficit increased by 3% to $920.7 billion.  One of the reasons for this was the increase in the price of crude oil which is a major consistent of import of the United States.

GDP calculated using the expenditure approach is : consumption + government spending + business spending + net export.

Net export = export - import.

If net export increases, GDP increases.

To learn more, please check: brainly.com/question/3651082?referrer=searchResults

7 0
2 years ago
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