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Required information [ The following information applies to the questions displayed below. ] On August 1 , 2 0 2 2 , Colombo Company's treasurer

Required information [The following information applies to the questions displayed below.] On August 1,2022, Colombo Company's treasurer signed a note promising to pay \(\$ 123,000\) on December 31,2022. The proceeds of the note were \(\$ 114,300\). Required: a. Calculate the discount rate used by the lender. Note: Enter your answer as a percentage rounded to 1 decimal place (i.e.,32.1).Required information [The following information applies to the questions displayed below.] On August 1,2022, Colombo Company's treasurer signed a note promising to pay \(\$ 123,000\) on December 31,2022. The proceeds of the note were \(\$ 114,300\). b. Calculate the effective interest rate (APR) on the loan. Note: Enter your answer as a percentage rounded to 1 decimal place (i.e.,32.1).

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