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A man has a simple discount note of $6500

01 / 10 / 2021 Research Papers

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interest rate 1 answer below » 1.) A man has a simple discount note of $6500 , at an ordinary bank discount rate of 8.53% for 60 days. What is the effective interest rate? Round to the
nearest tenth percent. 2.) Find the future value and compound interest on $5,000 at 8% compounded semiannually for two years. Use the future Value or compound amount of $1. At 8%
future value compound of one dollar is 1.08000 Future Value? (nearest tenth) Compound interest? (nearest tenth) Jan 18 2014 01:13 AM



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