Question: A note with maturity value of $ 3 0 0 0 matures in 5 months. If you buy this now at a discount rate of

A note with maturity value of $3000 matures in 5 months. If you buy this now at a discount rate of 6%, then what simple annual interest rate will you earn on your investment?
A note with maturity value of $3000 matures in 5 months.

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