Using a 360-Day Year, the Maturity Value of a 60-Day

question 81

Multiple Choice

Using a 360-day year, the maturity value of a 60-day note for $24,000 at 7% annual interest is (rounded to the nearest cent) :

• A)$24,000.00.
• B)$23,720.00.
• C)$24,280.00.
• D)$280.00.

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Definitions:

Hysterical Disorders

Now more commonly referred to as conversion disorders, these are psychological disorders that involve the conversion of emotional distress into physical symptoms without a medical cause.

Forms Of Communication

Various ways in which information is conveyed between individuals or groups, including verbal, non-verbal, written, and visual methods.

Emotions

Complex psychological states that involve a subjective experience, a physiological response, and a behavioral or expressive response.

Type A Personality Style

A behavior pattern characterized by aggression, competitiveness, impatience, urgency, and a strong sense of time urgency.