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 330 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?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Evolution of the Sun's luminosity, radius and effective temperature compared to the present Sun Evolution of the Sun's luminosity, radius and effective temperature compared to the present Sun
Note the tumor visualized with the use of a colonoscope. Note the tumor visualized with the use of a colonoscope.
Exercise increases the heart rate. Exercise increases the heart rate.
In 1879 an army officer founded the Carlisle School in Pennsylvania to “civilize” young Indians. The In 1879 an army officer founded the Carlisle School in Pennsylvania to “civilize” young Indians. The
Free energy diagrams for the simple reaction A ----> B Free energy diagrams for the simple reaction A ----> B
How to solve simple percent word problems (Part 1) How to solve simple percent word problems (Part 1)
Video: DNA Sequences - Dideoxy Sequencing

For a complete list of videos, visit our video library