Find the annual simple discount rate equivalent to an


Find the annual simple discount rate equivalent to an annual simple interest rate of 3.9% over a term of 3 years.

Round your answer to the nearest tenth of a percent.

Solution Preview :

Prepared by a verified Expert
Finance Basics: Find the annual simple discount rate equivalent to an
Reference No:- TGS02672858

Now Priced at $10 (50% Discount)

Recommended (96%)

Rated (4.8/5)