heyhi1234 heyhi1234

08-03-2018
Business

contestada

What is the effective rate of a $25,000 interest-bearing simple discount 10%, 90-day note?

Respuesta :

sqdancefan sqdancefan

10-03-2018

The effective interest rate on a discounted note is
.. 1/(1-r) = 1/0.9 ≈ 11.11%

_____
The amount and time have nothing to do with it for simple interest.

Answer Link

Otras preguntas

the value of g is more in the poles of the earth,why?

Conductivity is the reciprocal of what?

A company’s common stock has a market value of $63.18 per share and its next dividend is expected to be $3.26 per share. The stock’s beta is 1.2, the tax rate i

One way to punctuate a compound sentence correctly is to join the two independent clauses with a comma. a semicolon. a comma and a subordinating conjunction. a

Solve for a. Worth 10 pts![tex] \frac{1}{5} a - 5 = 20[/tex]

If you move from zero to 15 on the number line, you are representing all of the following exce the opposite of -15 the opposite of 15 the absolute value of 15 t

As observed in Protein Workshop, the guanidinobenzoyl group of the substrate is bound to the domain of the protein that ___________ contain the L1 and L2 region

Directions: Calculate the percent increase or decrease between the starting and ending quantities below. Round your answer to one decimal place. 1. Start: 3 End

A 60-year-old man complains of chest pain and difficulty breathing. He is pale, diaphoretic, and in severe pain. As your partner applies supplemental oxygen, yo

Donavan and Jones are randomly choosing chalices to drink from. 4 of the chalices contain purified water, 5 contain spoiled milk, and 6 contain diluted flat sod