What's the effective rate of a $30,000 non-interest-bearing, simple discount, 5%, 60-day note?
What's The Effective Rate Of A $30,000 Non-Interest-Bearing, Simple Discount, 5%, 60-Day Note?
Best apk References website
What's The Effective Rate Of A $30,000 Non-Interest-Bearing, Simple Discount, 5%, 60-Day Note?. To find this, we calculate the discount amount, determine the proceeds,. Calculate the effective rate by dividing the discount amount by the principal and multiplying by 100.
Chapter 11 Promissory Notes Simple Discount Notes and from present5.com
Your solution’s ready to go! Calculate the effective rate by dividing the discount amount by the principal and multiplying by 100. Round to the nearest hundredth.
Your Solution’s Ready To Go!
Your solution’s ready to go! Round to the nearest hundredth. In this case, the discount is.
To Find This, We Calculate The Discount Amount, Determine The Proceeds,.
😉 want a more accurate answer?. Enhanced with ai, our expert. Calculate the effective rate by dividing the discount amount by the principal and multiplying by 100.