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Home Q & A Board Science-Related Homework Help Mathematics
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Jennthejelly Jennthejelly
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3 months ago
You signed a $19,000, two-year promissory note bearing interest at 13% compounded semiannually to help pay for your college education. At the one year mark, the promissory note was sold for $22,925. What monthly compounded discount rate was used in pricing the note?
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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michaelfidanzamichaelfidanza
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6.43% compounded monthly
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Jennthejelly Author
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3 months ago
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rudy.zondo
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Correct Slight Smile TY
gage
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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