A discount loan features a series of repayments to the bank
Indicate whether the statement is true or false.
Answer: FALSE
Explanation: A discount loan has a lump sum up front (principal borrowed) and a lump-sum payment at maturity (principal and interest).
Business
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A simple moving average of one period will yield identical results to a naive forecast
Indicate whether the statement is true or false
Business
Refer to Table 5-1. The Steel Shelf Company has to have total annual revenue of ________ in
order to break even. A) $120,000 B) $10,000 C) $69,600 D) $135,600 E) Cannot calculate with information that is provided.
Business