Find the annual simple interest rate equivalent to an


Find the annual simple interest rate equivalent to an annual simple discount rate of 3.9% over a term of 9 years. 

Round your answer to the nearest tenth of a percent.

Solution Preview :

Prepared by a verified Expert
Finance Basics: Find the annual simple interest rate equivalent to an
Reference No:- TGS02675287

Now Priced at $10 (50% Discount)

Recommended (95%)

Rated (4.7/5)