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

Author Question: Jeff Rakhnovich has a simple discount note for $35,000 at an ordinary bank discount rate of 7%, for ... (Read 107 times)

Pea0909berry

  • Hero Member
  • *****
  • Posts: 573
on: Feb 26, 2020
Jeff Rakhnovich has a simple discount note for $35,000 at an ordinary bank discount rate of 7%, for 60 days. What is the effective interest rate? Round to the nearest hundredth of a percent.
◦ 1.77%
◦ 7.08%
◦ 8.17%
◦ 1.18%
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 Pea0909berry on Feb 26, 2020

bigcheese9

  • Sr. Member
  • ****
  • Posts: 333
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 30% of students answer this correctly


Pea0909berry

  • Member
  • Posts: 573
Reply 2 on: Feb 26, 2020
YES! Correct, THANKS for helping me on my review

lkanara2

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Exercise increases the heart rate. Exercise increases the heart rate.
Temperature Changes on Heart Rate Temperature Changes on Heart Rate
Example of Reconciling a Bank Statement Example of Reconciling a Bank Statement
Effect of Increasing the Investment Rate on the Steady State Effect of Increasing the Investment Rate on the Steady State
Saving Rate by Decile of Income per Capita Saving Rate by Decile of Income per Capita
Raman has a line of credit loan with the ICICI bank. The initial loan balance was $72000.00. ... Raman has a line of credit loan with the ICICI bank. The initial loan balance was $72000.00. ...
Video: Pasteur's Experiment

For a complete list of videos, visit our video library