l classwork for Chapter 5 Find the effective rate (APR) for a simple discount note. The maturity value is $10,000 with $148.80 interest accrued for 85 days. Round to the nearest hundredth of a percent.

l classwork for Chapter 5 Find the effective rate (APR) for a simple discount note. The maturity value is $10,000 with $148.80 interest accrued for 85 days. Round to the nearest hundredth of a percent.

Corporate Financial Accounting

14th Edition

ISBN:9781305653535

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter10: Liabilities: Current, Installment Notes, And Contingencies

Section: Chapter Questions

Problem 10.1BE: Proceeds from notes payable On January 26, Nyree Co. borrowed cash from Conrad Bank by issuing a...

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al classwork for Chapter 5
Find the effective rate (APR) for a simple discount note. The maturity value is $10,000
with $148.80 interest accrued for 85 days. Round to the nearest hundredth of a percent.

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