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Question #1 A company makes a purchase with a notes payable of $120,000. The notes payable is due in 91 days and the amount due

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Question #1 A company makes a purchase with a notes payable of $120,000. The notes payable is due in 91 days and the amount due is $122,163.46. What is the interest rate used to discount the notes payable? Use a 365-day year

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