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A man has a simple discount note for $6100, at an ordinary bank discount rate of 8.72% for 60 days. What is the effective interest
A man has a simple discount note for $6100, at an ordinary bank discount rate of 8.72% for 60 days. What is the effective interest rate? Round to the nearest tenth of a percent
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Accounting A Smart Approach
Authors: Mary Carey, Cathy Knowles, Jane Towers-Clark
3rd Edition
0198745133, 978-0198745136
