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What is the effective interest rate (rounded) on a 3-month, noninterest-bearing note with a stated rate of 12.6% and a maturity value of $206,000? 13.0%.

What is the effective interest rate (rounded) on a 3-month, noninterest-bearing note with a stated rate of 12.6% and a maturity value of $206,000?

13.0%.

3.15 %.

12.1%.

12.6%.

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