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Justin discounts a 115-day note for $26,000 at 8.5%. The effective rate of interest to the nearest tenth percent is: Multiple Choice None of these

Justin discounts a 115-day note for $26,000 at 8.5%. The effective rate of interest to the nearest tenth percent is: Multiple Choice None of these 0.8% 8.5% 8.7% 0.87%

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