User Account

All Pages

What is the effective interest rate

Assignment Help Mathematics
Reference no: EM131623018

Question: 1. Michael Denton has a simple discount note for $2,000, at an ordinary bank discount rate of 12%, for 240 days. What is the effective interest rate? Round to the nearest tenth of a percent.

2. Find the duration of a loan of $3,000 if the loan required interest of $213.75 and was at a rate of annual simple interest.

Reference no: EM131623018

Questions Cloud

What should be the price of the stock to public : What should be the price of the stock to the public?
How has reading the book changed how you see the world : How has reading this book changed how you see the world? What do you believe are the five major lessons that can be derived from the book?
Explain the estate of the dead party : At common law, if an Offeree changes the terms of the offer received, they can still accept the original offer with the changes made
Evicted from san francisco apartment : Review this video, which reports the growing number of evictions as rents rise and property values increase. After 50 years at the same address
What is the effective interest rate : Michael Denton has a simple discount note for $2,000, at an ordinary bank discount rate of 12%, for 240 days. What is the effective interest rate?
Prepare for a career in finance : What are some of the key steps someone should take in order to prepare for a career in finance?
Calculate the amount of the discount : A promissory note using the banker's rule has a face value of $5,000 and is discounted by the bank at the rate of 14%. If the note is made for 180 days.
Distract from the presenters verbal presentation : What are two or three visuals items in a presentation that have the opportunity to distract from the presenters verbal presentation?
Corporation earnings per share before the offering : What were the corporation’s earnings per share before the offering? What are the corporation’s earnings per share expected to be after the offering?

Reviews

Write a Review

Mathematics Questions & Answers

  Questions on ferris wheel

Prepare a Flexible Budget Gator Divers is a company that provides diving services such as underwater ship repairs to clients in the Tampa Bay area.

  Logistic map

This assignment has two question related to maths. Questions are related to bifurcation cascade and logistic map.

  Finding the probability of cards

This assignment has questions related to probabiltiy.

  Systems of ode

Find all the xed points, and study their stability and Draw the phase portrait of the system, as well as the graphs of the solutions in all relevant cases.

  Derive the boolean expression

Derive the Boolean Expression and construct the switching circuit for the truth table stated

  System of equations

Evaluate which equations are under-identified, just-identified, and over-identified.

  Linear programming problem

Linear programming problem consisting of only two constraints with one objective function.

  Find the natural domain

Find the natural domain of the given functions.

  Introduction to numerical methods

Compute the coecients of the polynomials using the term recurrence relation.

  Chart of the topological manifold

De?nition of smoothness of functions on a smooth manifold is chart independent and hence geometric.

  Mathematics in computing

Questions related on mathematics in computing.

  Complex problems

Complex problems

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd