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Pat is the Treasurer of Sheehan Golf Swings Inc. Pat is considering a loan to expand her national golf instruction schools and would like to
Pat is the Treasurer of Sheehan Golf Swings Inc. Pat is considering a loan to expand her national golf instruction schools and would like to know what is the effective rate of interest if she pays $210 interest to borrow $10,000 on a discount basis for 90 days? Select one: o A. 8.23% O B. 8.40% O C. 8.58% O D. None of the above
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