(Last Word) Suppose you borrow $400 for a year and the lender discounts $30 of...
80.2K
Verified Solution
Link Copied!
Question
Finance
Last Word Suppose you borrow $ for a year and the lender discounts $ of interest at the time the loan is made giving the borrower only $ The interest rate on this loan is about Multiple Choice percent percent. percent percent
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!