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25-10-2017
Mathematics

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What is the effective rate of a $30,000 non-interest-bearing simple discount 5%, 60-day note? A. 6.0% B. 5.14% C. 5.04% D. 5%

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DeathTheKid101 DeathTheKid101

25-10-2017

The effective rate of a $30,000 non-interest-bearing simple discount 5%, 60-day note would be C) 5.04%.

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