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What is the effective interest rate (rounded) on a 3-month. noninterest-bearing note with a stated rate of 14% and a maturity value of $223,000?

What is the effective interest rate (rounded) on a 3-month. noninterest-bearing note with a stated rate of 14% and a maturity value of $223,000? (Do not round intermediate calculations. Round final answer to 1 decimal place.) Multiple Choice 14.5%. 14.0%. 15.5% 13.5%

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