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a man has a simple discount note for $6300, at ordinary bank discount rate of 8.72%, for 60 days. what is the effective interest rate?
a man has a simple discount note for $6300, at 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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Financial Accounting Tools For Business Decision-Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
2nd Canadian Edition
0470833378, 978-0470833377
