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rate Life.com issued $6 million of commercial paper on April 1 on a nine-month note. Interest was discounted at issuance at a 13% discount Complete

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rate Life.com issued $6 million of commercial paper on April 1 on a nine-month note. Interest was discounted at issuance at a 13% discount Complete the below table to calculate the effective interest rate on the commercial paper. (Do not round Intermediate calculation. Enter your answers in whole dollars. Round "Annual Effective Rate" to 1 decimal place. (1.0.0.123 should be entered os 12.3).) Timme Discount Principal 5 0.000.000 Annual Rate 01% Calculation of discount onth at 0 Com Factor Annustette Discount Proceeds

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