The Interest Expense on a $1,000, 4%, 3-month note is

Which of the following factors is not required for marketing to occur?

A. the desire and ability to satisfy these needs B. two or more parties with unsatisfied needs C. a way for the parties to communicate D. something to exchange E. a retail location

Jessie owns a deferred fixed annuity in which the contractually guaranteed rate is 3%. The contract also has a standard current rate interest provision. If current rates are 5%, what rate of interest will be credited to Jessie's annuity?

A) 0.05 B) 0.03 C) 0.08 D) 0.04