A set of simultaneous equations can be solved through the use of determinants by setting up a proportion of two special determinants for each unknown variable
Indicate whether the statement is true or false
TRUE
You might also like to view...
A U.S. Treasury bond will pay a lump sum of $1,000 exactly 3 years from today. The nominal interest rate is 6%, semiannual compounding. Which of the following statements is CORRECT?
A. The PV of the $1,000 lump sum has a smaller present value than the PV of a 3-year, $333.33 ordinary annuity. B. The periodic interest rate is greater than 3%. C. The periodic rate is less than 3%. D. The present value would be greater if the lump sum were discounted back for more periods. E. The present value of the $1,000 would be larger if interest were compounded monthly rather than semiannually.
Evidence of concomitant variation, time order of occurrence of variables, and elimination of other possible causal factors, when combined, demonstrate conclusively that a causal relationship exists
Indicate whether the statement is true or false
Which of the following is an example of off-balance-sheet financing?
a. Leases b. Bonds c. Dividends d. Notes
Why is the business buying process more formalized than the consumer buying process?
What will be an ideal response?