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Author Question: Jeff Rakhnovich has a simple discount note for $35,000 at an ordinary bank discount rate of 7%, for ... (Read 74 times)

Pea0909berry

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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
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Marked as best answer by Pea0909berry on Feb 26, 2020

bigcheese9

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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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Pea0909berry

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Reply 2 on: Feb 26, 2020
Gracias!

FergA

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Reply 3 on: Yesterday
Wow, this really help

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