Sol Pine borrows $6,500 for one year at 8 percent interest. What is the effective rate of
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Sol Pine borrows $6,500 for one year at 8 percent interest. What is the effective rate of interest if the loan is discounted?
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Related Book For 
Foundations Of Financial Management
ISBN: 9781264097623
18th Edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
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