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 394 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 heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Prokaryotic cells are have a relatively simple structure Prokaryotic cells are have a relatively simple structure
How to create a price index to calculate inflation for a basket of goods How to create a price index to calculate inflation for a basket of goods
How to calculate monthly payments at varying amortization periods (Question 3) How to calculate monthly payments at varying amortization periods (Question 3)
Food vs Cash: Which Is More Effective for Alleviating Hunger? Food vs Cash: Which Is More Effective for Alleviating Hunger?
Effect of Increasing the Investment Rate on the Steady State Effect of Increasing the Investment Rate on the Steady State
calculate the quantities required to make 5 lb of hydrophilic ointment: calculate the quantities required to make 5 lb of hydrophilic ointment:
Video: Bipolar Disorder

For a complete list of videos, visit our video library