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Critical Thinking Questions Case 3-1 You Have Just Been Elected

question 53

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Critical Thinking Questions Case 3-1 You have just been elected as director of the local youth baseball league. Your first task is to publish a new Web site quickly for the league. You also have a limited budget with which to work. You follow Bill's advice and create a new Web site based on a template; now you find you have many more pages than you nee d. You give Bill a call and cry "Help!" Bill tells you to ____.


Definitions:

Maturity Dates

The specific dates on which a financial instrument such as a bond, loan, or fixed income instrument becomes due and is to be paid off.

95-Day Note

A financial instrument specifying repayment of a loan or debt within 95 days.

5-Month Note

A short-term financial instrument that matures or is due for payment in five months.

Calculating Interest

The process of determining the cost of borrowing money or the earnings from lending money, based on the principal amount, rate, and time period.

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