Mathematics, 20.03.2021 05:30 haydoc1025
T & H Research and Consulting requires $310,000 to replace its mainframe computer. A bank will lend the funds on a simple discount note for 110 days at a discount rate of 9%. Find the effective interest rate. Use banker's interest of 360 days. Round to the nearest tenth of a percent.
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T & H Research and Consulting requires $310,000 to replace its mainframe computer. A bank will l...
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