mistystar7973 mistystar7973
  • 12-03-2024
  • Mathematics
contestada

How to find the effective interest rate for a 9-month non-interest-bearing note?
a) Divide the face value by the principal amount
b) Multiply the principal amount by the number of months
c) Subtract the face value from the principal amount
d) Convert the 9-month period to years and calculate the annual rate

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