Question: A $ 1 0 , 0 0 0 , 1 2 % one - year stated rate loan, made on a discount basis, has an

A $10,000,12% one-year stated rate loan, made on a discount basis, has an annual effective rate of: 12%.13.6%.14%.11%. A $10,000,12% one-year stated rate loan, made on a discount basis, has an annual effective rate of: 12%.13.6%.14%.11%.
A $10,000,12% one-year stated rate loan, made on a discount basis,

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