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Author Question: Sam Peters needs to calculate the effective interest rate of a simple discount note for $4000, at an ... (Read 360 times)

piesebel

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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
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Marked as best answer by piesebel on Feb 26, 2020

mammy1697

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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.
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pedrorufino

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Reply #2 on: Mar 13, 2021
Thank you!


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