Question: Axel has a promissory note for $1950 dated February 11, 2013. The note is due in 337 days with interest at 8%. If Axel

Axel has a promissory note for $1950 dated February 11, 2013. The note is due in 337 days with interest at 8%. If Axel sells the note to a bank on November 1, 2013 for $2028.97, what rate of interest will he realize on his investment? Answer: Preview My Answers % Submit Answers

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