A Five-Year, Non-Interest-Bearing, $5,000 Note, Dated January 1, 2017, Has

question 87

Multiple Choice

A five-year, non-interest-bearing, $5,000 note, dated January 1, 2017, has a present value of $3,917. The market rate of interest is 5%. Interest expense for the period ending December 31, 2017, is

• A)$392.
• B)$196.
• C)$250.
• D)$217.

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Definitions:

Operational Definition

A statement of the procedures (operations) used to define research variables. For example, human intelligence may be operationally defined as “what an intelligence test measures.”

Research Variable

An element or factor within a study that can be changed and manipulated, or measured and evaluated to determine its effects on the outcome of the study.

Case-Study Evidence

consists of detailed examinations of individuals or groups from a real-world context, often used in psychology and sociology to explore complex issues.

Operational Definitions

Specific explanations of abstract concepts or variables in terms of the procedures or operations by which they are measured or manipulated.