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edehghany edehghany
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6 months ago

Compute bank discount using (A) ordinary interest, (B) proceeds, and (C) effective interest rate to the nearest hundredth of a percent. Do not round denominator in your calculation.

Face ValueDiscount RateTime in Days
$12,00013%120
Textbook 
Math for Business and Finance: an Algebraic Approach

Math for Business and Finance: an Algebraic Approach


Edition: 3rd
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chandlerdeanechandlerdeane
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6 months ago
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edehghany Author
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6 months ago
Thanks for your help!!
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Just got PERFECT on my quiz
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This helped my grade so much Perfect
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