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ACC tax ch 13 What is the effective interest rate (rounded) on a 1-year, noninterest-bearing note with a stated rate of 5% and a maturity
ACC tax ch 13
What is the effective interest rate (rounded) on a 1-year, noninterest-bearing note with a stated rate of 5% and a maturity value of $107,530? _________% Answer as a percentage rounded to 2 decimal places. Example .1111would be answered 11.11) DO NOT USE a % sign in your answer
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