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A man has a simple discount nole for $6,100, at an ordinary bank discount rate of 8.53%, for 60 days, What is the affective interast

A man has a simple discount nole for $6,100, at an ordinary bank discount rate of 8.53%, for 60 days, What is the affective interast rater? Round io the nearest tenth of a gercent. The effective interest rate is (Round to the nearest tenth of a percent as needed.)

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