Question: 8. Kawazima owns a simple discount note that has a face value of $28,000.00 and proceeds of $27,000.00. What is the discount rate to the

 8. Kawazima owns a simple discount note that has a face

8. Kawazima owns a simple discount note that has a face value of $28,000.00 and proceeds of $27,000.00. What is the discount rate to the nearest hundredth if the note is for 125 days

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