The technique of randomly generating values for unknown elements in a model using random sampling is known as ________
A) optimization
B) Markov analysis
C) discrete-event simulation
D) simulation gaming
E) Monte Carlo simulation
E
Business
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A firm arranges a discount loan at a 12 percent interest rate, and borrows $100,000 for one year. The stated interest rate is ________ and the effective interest rate is ________
A) 12.00%; 12.00% B) 13.64%; 12.00% C) 12.00%; 13.64% D) 12.00%; 10.71%
Business
Debt instruments with maturities of 2 to 10 years are known as notes
Indicate whether the statement is true or false.
Business