With an Effective Annual Interest Rate of 10

question 64

Multiple Choice

With an effective annual interest rate of 10.04%,how much finance can a company raise by drawing a commercial bill with a face value of $100 000,maturing in 180 days?

• A)$96 400
• B)$95 121
• C)$90 580
• D)$81 822

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Definitions:

Try/Catch

A construct in various programming languages designed to handle exceptions by testing a block of code (try) and catching errors (catch) to prevent program crash.

JList GUI

A component in the Java Swing library that displays a list of objects enabling the user to select one or more items visually.

ActionStateChanged

An event listener in Java programming that responds to changes in the state of an action or component.

JList

A Swing component in Java that allows users to select one or more objects from a list of objects displayed within a scrolling panel.