A $120,000, 5%, 200-Day Note Dated June 6, Is Discounted

question 51

Multiple Choice

A $120,000, 5%, 200-day note dated June 6, is discounted on October 8. The discount period is:

• A)124 days
• B)76 days
• C)142 days
• D)67 days
• E)None of these

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Definitions:

Neural Connections

The links between neurons in the brain and nervous system, through which they communicate via electrical and chemical signals.

Meditation

Mental series of exercises meant to refocus attention and achieve a trancelike state of consciousness.

Mental Exercises

Activities designed to improve cognitive functions such as memory, focus, and problem-solving skills.

Trancelike State

A state of deep relaxation or hypnosis in which an individual may be more open to suggestions and less aware of their surroundings.