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Saved Mary Ott is going to borrow $5,800 for 60 days and pay $159 interest. What is the effective rate of interest if the loan

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Saved Mary Ott is going to borrow $5,800 for 60 days and pay $159 interest. What is the effective rate of interest if the loan is discounted? (Use a 360-day year. your answer as a percent rounded to 2 decimal places.) Effective rate on a discounted loan 02 here to search O VE E

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