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Home Q & A Board Science-Related Homework Help Mathematics
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Hillier Hillier
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6 years ago
What is the monthly discount rate expressed as an nominal annual rate for a future value of $182 500 to be reduced to $178 663.58 over a period of 4.25 years?
A) 4.06%
B) 8.04%
C) 6.88%
D) 4.88%
E) 0.50%
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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rmaccararmaccara
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6 years ago
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Hillier Author
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#2
6 years ago
Thanks so much
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