The following informetion applies to the questions displayed below On August 1, 2016, Colombo Co's treasurer signed a note promising to pay $120,900 on December 31, 2016. The proceeds of the note were $116700 References Section Break Exercise 7-6 Notes basis LO 2 5.00 points Exercise 7-6 Part 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)