Life.com issued $13 miltion of commercial paper on April 1 on a nine-month note, interest was discounted at issuance at a 8% discount rate. 1. Caiculate the discount on the commerciaf paper. 2. Calculate the effective interest rate on the commercial paper. Complete this question by entering your answers in the tabs below. Calculate the discount on the comernerial paper. Note: Enter your ariswers in whole dollars ife com issued $13 milion of commercial paper on April 1 on a nine-month note. Interest was discounted at issuance at a 8% discouint ate. 1. Calculate the discount on the commercial papec: 2. Calculate the effective interest rate on the commercial paper. Complete this question by entering your answers in the tabs below. Calculate the effective interest rate on the commercial paper. 0. 123 should be entered as 12.3 )