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 143 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
:D TYSM

irishcancer18

  • Member
  • Posts: 310
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

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.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

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.

Typical exhaust manifold gaskets. Note how they are laminated to allow the exhaust manifold to ... Typical exhaust manifold gaskets. Note how they are laminated to allow the exhaust manifold to ...
Simple Decorating Techniques: Stencils Simple Decorating Techniques: Stencils
If a graph has the following x-intercepts, which value of x is the instantaneous rate of change ... If a graph has the following x-intercepts, which value of x is the instantaneous rate of change ...
A bank statement shows a balance of $2,970.31 The check register of the account owner shows an ... A bank statement shows a balance of $2,970.31 The check register of the account owner shows an ...
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. ...
Simple and Compound Leaves Simple and Compound Leaves
Video: Neuron Type Animation

For a complete list of videos, visit our video library