A man has a simple discount note for 6300, at an ordinarybank discount rate of 8.61 for 50 days. What is the effectiveinterest rate? Round to the nearest tenth of a percent.
A man has a simple discount note for 6300, at an ordinarybank disco…
Oct 9, 2022
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Answered: signed a simple discount note 8500.00 the discount rate is 14% and the term of the note is 18 months what is the effective interest rate? | bartleby
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In this video, I map out how you could take a discounted note for $80,000 and turn it into long-term profits of over $263,000. Incredible, right? Ready to learn more? Comment below or send us a private message with your questions. | NoteSchool
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