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For services rendered, an attorney accepts a 9 0 - day note for $ 4 , 7 0 0 at 7 % simple interest from
For services rendered, an attorney accepts a day note for $ at simple interest from a client. Both interest and principal are repaid at the end of days. Wishing to use her money sooner, the attorney sells the note to a third party for $ after days. What annual interest rate will the third party receive for the investment? The third party will receive an annual interest rate of
For services rendered, an attorney accepts a day note for $ at simple interest from a client. Both interest and principal are repaid at the end of days. Wishing to use her money sooner, the attorney sells the note to a third party for $ after days. What annual interest rate will the third party receive for the investment? The third party will receive an annual interest rate of
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