The Carrying Value of a $500,000,4 Year Note with an 8

question 61

Multiple Choice

The carrying value of a $500,000,4 year note with an 8 percent face rate (paid semiannually) that was issued to yield 9 percent is $491,031.19.What is the interest expense for the next interest period?

• A)$20,000.00
• B)$19,641.25
• C)$22,096.40
• D)$44,192.81

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Definitions:

Negative Correlation

Negative Correlation refers to a relationship between two variables where one variable increases as the other decreases, and vice versa.

Null Relationship

indicates a situation where no association is found between two variables being studied.

Internal Reliability

When all of the items on a questionnaire measure the same thing.

Questionnaire

A research instrument consisting of a series of questions or statements used to gather information from respondents.