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3 Question 13 of 20 This test: 20 points) possible This question: 1 point(s) possible Submit test For services rendered, an attomey accepts a 120-day
3 Question 13 of 20 This test: 20 points) possible This question: 1 point(s) possible Submit test For services rendered, an attomey accepts a 120-day note for $5,700 at 9% simple interest from a client. (Both interest and principal are repaid at the end of 120 days.) Wishing to use her money sooner, the attomey sells the note to a third party for $5,740 after 30 days. What annual interest rate will the third party receive for the investment? The third party will receive an annual interest rate of (Type an integer or decimal rounded to two decimal places as needed.) dtv 02 @ 20 42 580 54 #3 W E S 42 % 85 96 Time Remaining: 01:49:56 bill " 81 190 8 .00 &7 Next 8 6 R T Y U 1 O 0 P D F G H J K L B N M
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