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Mary Ott is going to borrow $5,800 for 60 days and pay $159 interest. What is the effective rate of interest if the loan is

Mary Ott is going to borrow $5,800 for 60 days and pay $159 interest. What is the effective rate of interest if the loan is discounted? Note: Use a 360-day year. Do not round intermediate calculations. Input your answer as

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