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Life.com issued $11 million of commercial paper on April 1 on a nine-month note. Interest was discounted at issuance at a 13% discount rate. Complete

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Life.com issued $11 million of commercial paper on April 1 on a nine-month note. Interest was discounted at issuance at a 13% discount rate. Complete the below table to calculate the effective interest rate on the commercial paper. (Enter your answers in whole dollars. Round "Annual Effective Rate" to o1 decimal place. (i.e., 0.123 should be entered as 1.23).)

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