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On January 1, 2014, Huff Co. issued a $4,000,000, zero interest(0%), 10-year note payable for$2,575,711. What was the Effective/Market Annual interest rate whenthe note was

On January 1, 2014, Huff Co. issued a $4,000,000, zero interest(0%), 10-year note payable for$2,575,711. What was the Effective/Market Annual interest rate whenthe note was issued? 2 answers

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