This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Sam Peters needs to calculate the effective interest rate of a simple discount note for $4000, at an ... (Read 361 times)

piesebel

  • Hero Member
  • *****
  • Posts: 565
on: Feb 26, 2020
Sam Peters needs to calculate the effective interest rate of a simple discount note for $4000, at an ordinary bank discount rate of 12%, for 140 days. Find the effective interest rate rounded to the nearest tenth of a percent.
◦ 12.7%
◦ 12.4%
◦ 2%
◦ 12.6%
Business Math ¦ Cleaves, Hobbs, Noble ¦ 11th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by piesebel on Feb 26, 2020

mammy1697

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Feb 26, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 50% of students answer this correctly


pedrorufino

  • Newbie
  • *
  • Posts: 1
Reply #2 on: Mar 13, 2021
Thank you!


« previous next »
 

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

The Xenopus frog tadpole is a small, simple vertebrate. The Xenopus frog tadpole is a small, simple vertebrate.
A Simple Model of the Learning Process A Simple Model of the Learning Process
Model of a longitudinal study in which 983 students were surveyed in 1984 and then again in 1985, 19 Model of a longitudinal study in which 983 students were surveyed in 1984 and then again in 1985, 19
This chart shows the various lines of responsibility and how they differ in presidential and parliam This chart shows the various lines of responsibility and how they differ in presidential and parliam
A compression gauge designed for the higher compression rate of a diesel engine should be used when ... A compression gauge designed for the higher compression rate of a diesel engine should be used when ...
The decay rate of a radioactive sample decreases from 175 kBq to 12.4 kBq in 18.3 s. What is ... The decay rate of a radioactive sample decreases from 175 kBq to 12.4 kBq in 18.3 s. What is ...
Video: Audiology

For a complete list of videos, visit our video library