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Required information (The following information applies to the questions displayed below! On August 1, 2019, Colombo Co.'s treasurer signed a note promising to pay $120,300

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Required information (The following information applies to the questions displayed below! On August 1, 2019, Colombo Co.'s treasurer signed a note promising to pay $120,300 on December 31, 2019. The proceeds of the note were $115,800. Required: a. Calculate the discount rate used by the lender. (Enter your answer as a percentage rounded to 1 decimal place (i.e., 32.1).) Discount rate %

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