Tuesday
July 29, 2014

Homework Help: accounting

Posted by Michel on Tuesday, March 18, 2014 at 10:47pm.

a simple discount note for $6,600 at a ordinary bank discount rate of 8.61% for 60 days. What is the effective interest rate? Round to the nearest tenth of a percent

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Math Help!!!!! - 4) Jim has been offered a substantial cash discount if he pays ...
math - 1. A 120-day simple discount promissory note for $12,000 with a simple ...
Promissory notes - Jack signed a 9000.00 note at fleet bank. Fleet chared a 9 1/...
math/Finance - I want to know the formula to use 1. A 120-day simple discount ...
finance math - Schell Publishing received a $70,000 promissory note at 12% ...
math - Home health signed a 90,000 note at 11 1/2% simple interest for 180 days ...
math - Varsity Press, a publisher of college textbooks, received a $70,000 ...
math - Varsity Press, a publisher of college textbooks, received a $70,000 ...
math - Varsity Press, a publisher of college textbooks, received a $70,000 ...
math - Varsity Press, a publisher of college textbooks, received a $70,000 ...

Search
Members