A company borrows \( \$ 10,300 \) from the bank at \( 15 \% \) interest for thirty days. \( \$ 10,300 \) is the maturity value of the note is the nearest dollar.) A. mor computation of interest, use a 365 -day year. (Round your final answer to B. principal; \( \$ 10,427 \) C. present value; \( \$ 10,300 \) D. future value; \( \$ 10,300 \)

Martin takes out a simple interest loan at \( 3 \% \). After 15 months the amount of interest on the loan is \( \$ 80.96 \). What was the amount of the loan? Round to the nearest dollar.

Use the compound interest formula to compute the future value of the investment. Round to the nearest cent. \( \$ 4500 \) at 3\% compounded monthly for 6 years

Why might you underestimate the increase in market quantity demanded when you lower your price? You may not take into account potential new customers attracted by the lower price. somes. sowering the price only increases the quantity demanded for inferior goods. A price reduction increases the quantity demanded for individuals but not for the entire market.

Find the simple interest. The rate is an annual rate unless otherwise noted. Assume 365 days in a year and 30 days pe month. Round to the nearest cent. \( \$ 2800 \) at \( 3 \% \) for 7 years

Price discrimination is feasible only when certain conditions are present. Which is NOT one of these conditions? The company has market power. The market is overproducing. The company can identify customers' reservation prices. The product cannot be resold.