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The effective rate of a $30,000 non-interest-bearing simple discount 5%, 60-day note is: Group of answer choices 5% 5.04% 6.0% 5.14% None of these

The effective rate of a $30,000 non-interest-bearing simple discount 5%, 60-day note is:

Group of answer choices

5%

5.04%

6.0%

5.14%

None of these

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