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What is the effective interest rate (rounded) on a 3-month, noninterest-bearing note with a stated rate of 13.4% and a maturity value of $217,000? (Do

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What is the effective interest rate (rounded) on a 3-month, noninterest-bearing note with a stated rate of 13.4% and a maturity value of $217,000? (Do not round intermediate calculations. Round final answer to 1 decimal place.) Multiple Choice O 13.4% O 12.9% 13.9%

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