A bank lends a firm $500,000 for one year at 8 percent and requires compensating balances of 10 percent of the face value of the loan. The effective annual interest rate associated with this loan is ________.
A) 8.9 percent
B) 8 percent
C) 7.2 percent
D) 7.0 percent
A) 8.9 percent
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In experimental design nomenclature, an X represents the measurement of the dependent variable
Indicate whether the statement is true or false
A simulation is "Monte Carlo" when the elements of a system being simulated exhibit chance in their behavior
Indicate whether the statement is true or false
During the month of March, Harley's Computer Services made purchases on account totaling $43,500. Also during the month of March, Harley was paid $8,000 by a customer for services to be provided in the future and paid $36,900 of cash on its accounts payable balance. If the balance in the accounts payable account at the beginning of March was $77,300, what is the balance in accounts payable at the end of March?
A. $6,600. B. $4,900. C. $83,900. D. $91,900. E. $75,900.
Alejandro Allende needs a new computer. He is researching the different brands by talking to friends, discussing it with his company's IT department, and looking at different computer-company websites. In terms of consumer problem solving, Alejandro is
A. setting criteria. B. identifying alternatives. C. evaluating alternatives. D. recognizing needs. E. searching for information.