Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Science-Related Homework Help Mathematics
New Topic  
islandgurl islandgurl
wrote...
Go to Answer
Posts: 142
Rep: 0 0
10 months ago
A $6300 face-value investment earning interest at 10% compounded annually for a six-year term was sold for $7550. How many years before its maturity date was the note sold if it was discounted to yield 12% compounded monthly?

▸ 2.73 years

▸ 3.27 years

▸ 4.50 years

▸ 12.38 years

▸ 39.28 years
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
Read 61 times
1 Reply
Replies
Answer verified by a subject expert
billbyebillbye
wrote...
#1
Posts: 134
Rep: 2 0
10 months ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

islandgurl Author
wrote...

10 months ago
Smart ... Thanks!
Marctheshark
wrote...

Yesterday
Thanks
taydav
wrote...

2 hours ago
Thank you, thank you, thank you!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1322 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 989
  
 979
  
 142
Your Opinion
Who's your favorite biologist?
Votes: 586
Previous poll results: Which industry do you think artificial intelligence (AI) will impact the most?