Barbara R.

asked • 08/31/13

Find the equivalent rate of interest for a discount rate of 7.5% for 60 days.

would i use the formula r= d/1-dn? which would be .075/1-.075(60/360) = .0625 or 6.25%

1 Expert Answer

By:

John H. answered • 11/27/13

BYU MBA Tutor with CPA Background

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