The Maturity Value of a 155-Day 7

question 1

Essay

The maturity value of a 155-day 7.5% note dated March 14 is $1721.74. Compute the face value of the note.

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Definitions:

Apathetic

Showing or feeling no interest, enthusiasm, or concern.

Consideration

Thoughtfulness and attentiveness toward others; in leadership, it refers to the degree a leader shows concern and respect for followers.

Thrift

The quality of using money and other resources carefully and not wastefully.

Milgram Studies

A series of social psychology experiments conducted by Stanley Milgram, demonstrating individuals' willingness to obey authority figures even when asked to perform actions conflicting with their personal conscience.