What is the effective cost of a six-month discount loan

Reference no: EM13284802

What is the effective cost of a six-month discount loan with a stated rate of 8%? a) 7.86% b) 8.33% c) 8.51% d) 9.23%

Reference no: EM13284802

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What is the effective cost of a six-month discount loan : What is the effective cost of a six-month discount loan with a stated rate of 8%? a) 7.86% b) 8.33% c) 8.51% d) 9.23%

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