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The effective interest on a 12-month, zero-interest-bearing note payable of $800.000, discounted at the bank at 8% is O 8.7% O 7.3% O 16.5%

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The effective interest on a 12-month, zero-interest-bearing note payable of $800.000, discounted at the bank at 8% is O 8.7% O 7.3% O 16.5%

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