What was the annual simple discount rate

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Reference no: EM131878244

1) On March 5 a document is negotiated in $ 17,350 with nominal value of $ 18,520 and expiration on following August 10. What was the annual simple discount rate?

2) What day transfers in $ 30,250 a document that he conquers on February 10 with nominal value of $ 31,800 and with simple discount of 15.5 % annual?

Reference no: EM131878244

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