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problem: Your firm has average daily receipts of 2,500 dollar. These receipts are available after six days on average. The interest rate that could be earned is .02 percent [.0002] every day. Determine the approximate cost of the float per day?
Basic Finance, Finance
In June 2010, John pays $9,800 for a one- year T-bill that can be redeemed for $10,000. What is the amount of interest earned? What is the yield?
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How much would you have to deposit today in order to have $500,000 in 20 years? Assume you can earn annual interest of 3.5%
What is a financial crisis? Why does an economic downturn often lead to a financial crisis? Explain why the reverse is also true.
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