Question: HW17: Problem 8 Previous Problem Problem List Next Problem (4 points) Consider a discounted loan of $1000, where the proceeds equal $836.66. The loan is

HW17: Problem 8 Previous Problem Problem List Next Problem (4 points)

HW17: Problem 8 Previous Problem Problem List Next Problem (4 points) Consider a discounted loan of $1000, where the proceeds equal $836.66. The loan is repaid at the end of 14 months. Find the annual simple discount rate. Annual simple discount rate = % Preview My Answers Submit Answers You have attempted this problem 0 times You have unlimited attempts remaining

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