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 378 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?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Raynaud’s phenomenon. Note the discoloration in the thumb and fingers. Raynaud’s phenomenon. Note the discoloration in the thumb and fingers.
Model of a sequential study in which two cohorts were followed beginning at age 20. One cohort was f Model of a sequential study in which two cohorts were followed beginning at age 20. One cohort was f
Respiratory Rate Ranges of Various Age Groups Respiratory Rate Ranges of Various Age Groups
Pneumonia patient’s chest x-ray. Note the irregular areas of density. Pneumonia patient’s chest x-ray. Note the irregular areas of density.
How to calculate present value (Question 4) How to calculate present value (Question 4)
How to calculate the probability of complementary events How to calculate the probability of complementary events
Video: Origin of organelles Animation

For a complete list of videos, visit our video library