10. 10.00 points Ques Brief Exercise 13-5 Non-interest bearing note; effective interest rate [LO13-2] Life.com issued $15 million of commercial paper on April 1 on a nine-month note. Interest was discounted at issuance at a 11% discount rate Complete the below table to calculate the effective interest rate on the commercial paper. (Enter your answers in whole dollars. Round "Annual Effective Rate" to 1 decimal place. (i.e., 0.123 should be entered as 1.23).) Principal Annual Rate x Time Discount Calculation of discount $ 15,000,000 x % x 9-month rate Conversion Factor Annual Effective Rate Discount Proceeds % x % References eBook & Resources Worksheet Brief Exercise 13-5 Non-interest bearing note, effective interest rate [LO13-2] TOSHIBA esc - @ -> #3 72 2 C $ 64 4 N 25 tab 9 W e r t