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-10 (Static) [LU 71-1 (3)] You were offered either a simple interest note or a simple discount note with the following terms: $33,353 at 7%

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-10 (Static) [LU 71-1 (3)] You were offered either a simple interest note or a simple discount note with the following terms: $33,353 at 7% for 18 months. a. Calculate the effective interest rate. (Do not round intermediate calculations. Round your final answer to the nearest tenth percent.) Effective interest rate b. Based on the effective interest rate, which would you choose? simple interest note O simple discount note 28 ... P W A dish MacBook Air 95 F2 20 F3 886 F4 F5 44 F7 -II FB F10 @ 2 3 5 6 W E R T U O P S D F G H J K X C B N M and command

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