The Maturity Value of a $53,000 Note at 9% for 5

question 196

Multiple Choice

The maturity value of a $53,000 note at 9% for 5 months is: (Round your final answer to the nearest dollar.)

• A)$53,000.
• B)$54,988.
• C)$55,385.
• D)$57,770.

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Definitions:

Migration

Movement of people from one geographic area to another for the purpose of resettling.

Demographic Data

Collected statistical data about the characteristics of a population, such as age, sex, income level, and education, for analysis and policy-making.

U.S. Census Bureau

A principal agency of the U.S. Federal Statistical System responsible for producing data about the American people and economy.

Malthusian Theorem

The theory that exponential growth in population will outpace arithmetic growth in food production and other resources.