You were offered either a simple interest note or a simple discount note with the following terms $21,824 at 5 for 24 months a Calculate the effective interest rate Note Do not round intermediate calculations Round your final answer to the nearest tenth percent You were offered either a simple int...

Calculate the effective interest rate Where Principal 21824 Ra ...

You were offered either a simple interest note or a simple discount note with the following...

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Principles of Finance

ISBN: 978-1285429649

6th edition

Authors: Scott Besley, Eugene F. Brigham

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Principles of Finance

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