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What is the effective interest rate of a simple discount note for $33.200, at an ordinary bank discount rate of 14% for 20 days? Assume

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What is the effective interest rate of a simple discount note for $33.200, at an ordinary bank discount rate of 14% for 20 days? Assume that there are 360 days in a year The effective interest rate is (Round to the nearest tenth as needed)

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