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What is the effective interest rate (rounded) on a 3-month, noninterest-bearing note with a stated rate of 13.9% and a maturity value of $220,000? Please
What is the effective interest rate (rounded) on a 3-month, noninterest-bearing note with a stated rate of 13.9% and a maturity value of $220,000?
Please do not copy from Chegg, or I have to report.
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