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On June 1, 2018, Angel Corp received $250,728.38 in exchange for a 5-year non-interest-bearing note with a face value of $320,000 due on June 1,

On June 1, 2018, Angel Corp received $250,728.38 in exchange for a 5-year non-interest-bearing note with a face value of $320,000 due on June 1, 2023.

Solve for imputed interest rate on the note

Show at least four (4) calculations and round your answers to the nearest 1/10 of a %

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