Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the discount on 1000 due in one month is 100. x is

The discount on 1000 due in one month is 100. X is the nominal rate...

60.1K

Verified Solution

Question

Accounting

image

The discount on 1000 due in one month is 100. X is the nominal rate of discount per annum compounded semiannually. Determine X. a. 3.39% b. 93.17% c. 46.86% d. 23.43% e. 53.14%

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Chemistry
1.2K views

A 62.0 mL sample of a 0.122 M potassium sulfate solution is mixed with 36.5 mL...

Medical Sciences
1.2K views

Answer all Questions 30. What effect does the action of cortisol have on immune function? A. increased inflammatory...

Physics
1.2K views

The displacement of a wave disturbance propagating in the positive x direction is given by...

Calculus
1.2K views

Convert the numeral to a numeral in base ten 11 6368

Accounting
1.2K views

on december 31,2024 year end inventory balance of the almond corporation is 210000. you have...

Accounting
1.2K views

DON Corp. is contemplating the purchase of a machine that will produce cash savings of...

Accounting
1.2K views

2020 ; $910600 5455300 5920240 5920370

Accounting
1.2K views

9. Interest Rate Risk. Suppose that you are a fixed income portfolio manager at Bourbon...

Accounting
1.2K views

Bramble Company uses a periodic imventory system. Details for the inventory account for the month...

Finance
1.2K views

Starting in 20 years, you will need to spend $600 per quarter on fashion to...

Accounting
1.2K views

Blanchard Company manufactures a single product that sells for $184 per unit and whose total...

Finance
1.2K views

3. Capital budgeting project analysis focuses primarily upon a. Net operating income b. Net income...