Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 08, 2024

Dallas Pierce wants to know what rate she is paying on her simple discount note. The maturity value was $8,909 with $86.30 interest for 85

Dallas Pierce wants to know what rate she is paying on her simple discount note. The maturity value was $8,909 with $86.30 interest for 85 days. What was her rate? (Use 360 days a year. Do not round intermediate calculation. Round your answer to the nearest tenth percent.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions

Question

6. Hypothesize about the relative capacity and duration of tactile, olfactory, and gustatory memories. How could you go about testing these memory abilities?

Answered: 1 week ago

Question

★★★★★

Harmony Audio Company manufactures two models of speakers, DL and XL. Based on the following production and sales data for September 2009, prepare(a) A sales budget and(b) A productionbudget. DL XL...

Answered: 1 week ago

Question

★★★★★

An auditor wants to verify the how sale of goods to a customer has been processed. For doing so, which one of the following procedures is most appropriate: a. Administrative Procedure O b. Test for...

Answered: 1 week ago

Question

★★★★★

An employer hires an individual who meets the qualifications for the Homeless Hiring Tax Credit (HHTC). The employer obtains an HHTC certificate for the eligible employee from a certifying...

Answered: 1 week ago

Question

★★★★★

Excel File Edit View Insert Format Tools Data Window Help 11 8 ) 75% Tue 10:23 AM QE AutoSave OFF A F ? C ... SMS310 Test 2 - Student File Final Home Insert Draw Page Layout Formulas Data Review View...

Answered: 1 week ago

Question

★★★★★

A developer filed a breach of contract action against a general contractor in federal district court. If the contract was breached, the general contractor believes the fault was that of the framing...

Answered: 1 week ago

Question

★★★★★

What would be the approximate current flow in a 120 volt circuit with a 400 watt toaster and an 800 watt microwave oven attached

Answered: 1 week ago

Question

★★★★★

n Suppose X1,..., X are n iid random variables from the cumulative distribution func- tion F(x). Let Y = X; for i = 1,..., n. We further know that X; and Y; have the same distribution. For 0.5 Answered: 1 week ago

Answered: 1 week ago

Question

★★★★★

The following was posted 7:09 AM, MAY 4, 2020, by Fox Television Stations, updated AT 07:16AM, May 4, 2020. LITTLE ROCK, Ark. Walmart paid almost $180 million in cash bonuses to its hourly associates...

Answered: 1 week ago

Previous Question Next Question