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Current Attempt in Progress Flint Company sells 8% bonds having a maturity value of $2,400,000 for $2.218,040. The bonds are dated January 1. 2020, and

Current Attempt in Progress Flint Company sells 8% bonds having a maturity value of $2,400,000 for $2.218,040. The bonds are dated January 1. 2020, and mature January 1, 2025. Interest is payable annually on January 1. (a) Determine the effective-interest rate. (Round answer to O decimal places, e.g. 18%) The effective-interest rate % eTextbook and Media

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