To complete the sale of a house, the seller accepts a 180-day note for $10,000 at 7% simple interest. (Both interest and principal are repaid at the end of 180 days.) Wishing to use the money sooner for the purchase of another house, the seller sells the note to a third party for $10,124 after 60 days. What annual interest rate will the third party receive for the investment?
Use the commission schedule from Company A shown in Table 2 to find the annual rate of interest earned by each investment in Problems 59 and 60.

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Table 2 Company A Principal Under $3,000 $3,000-$10,000 Over $10,000 Commission $25+1.8% of principal $37+1.4% of principal $107 + 0.7% of principal