A) What Will Be the Maturity Value of $15,000 Placed

question 32

Short Answer

a) What will be the maturity value of $15,000 placed in a 120-day term deposit paying an interest rate of1.25%?
b) If on the maturity date the combined principal and interest are "rolled over" into a 90-day term deposit paying1.15%, what amount will the depositor receive when the second term deposit matures?

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Federal Government

The central government level in a federal system, which holds the authority over national issues and often shares sovereignty with subnational entities.

Economic Inefficiencies

Situations where resources are not allocated optimally, leading to a loss of potential welfare or economic value.

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Special-Interest Issue

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