QUESTION 6 If I have a simple discount note for 75 days (ordinary interest), a discount of $150, and have proceeds of $11,850, what is the discount rate? 125% 6% 62% 127%
QUESTION 6 If I have a simple discount note for 75 days (ordinary interest), a discount of $150, and have proceeds of $11,850, what is the discount rate? 125% 6% 62% 127%
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 19E
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