The Face Value of a Note Is $10,000 with an Interest

question 47

Short Answer

The face value of a note is $10,000 with an interest rate of 8.5%. The time is based on 180 days in a 360-day year. The note has been discounted at 14% three months before the maturity of the note. How much are the proceeds?

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Definitions:

Two-Stage Attribution Model

A psychological theory that describes how individuals infer the causes of their own or others' behavior in two steps: first identifying the behavior, then attributing it to internal or external causes.

Manager

An individual responsible for controlling or administering an organization or group of staff.

Poor Performance

The failure to meet established standards, expectations, or objectives in work or other activities.

Internal Attribution

The process of attributing the cause of an individual's behavior to internal characteristics or personality, rather than external factors.