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A man has a simple discount note of $6100 , at an ordinary bank discount rate of 8.53% for 60 days. What is the effective
A man has a simple discount note of $6100 , at an ordinary bank discount rate of 8.53% for 60 days. What is the effective interest rate? Round to the nearest tenth percent. effective interest rate is ...
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Intermediate accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
7th edition
978-0077614041, 9780077446475, 77614046, 007744647X, 77647092, 978-0077647094
