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QUESTION What is the annual effective interest rate ( rounded ) APR on a 3 - month noninterest - bearing note with a discount rate

QUESTION What is the annual effective interest rate ( rounded ) APR on a 3 - month noninterest - bearing note with a discount rate of 12% and a maturity value of $200 000 ? 12.4 / 0 120 10 11.5 10 3.0 %

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