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The effective rate of a $30,000 non-interest-bearing simple discount 5%, 60-day note is:

Science220

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6 months ago

The effective rate of a $30,000 non-interest-bearing simple discount 5%, 60-day note is:

▸

5.0%

▸

5.04%

▸

6.0%

▸

5.14%

▸

None of these

Textbook

Math for Business and Finance: an Algebraic Approach

Edition: 3^rd

Author: Slater

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Saharak

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Posts: 136

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6 months ago

More solutions for this book are available here

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Science220 Author

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6 months ago

Correct

Roselalo

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Yesterday

I appreciate what you did here, answered it right Smiling Face with Open Mouth

aznzergs

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2 hours ago

Thanks

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