Question: DO NOT ANSWER WANT THE QUESTION REFUNDED What is the effective interest rate (rounded) on a 3-month, noninterest-bearing note with a stated rate of 13.5%

DO NOT ANSWER WANT THE QUESTION REFUNDED

What is the effective interest rate (rounded) on a 3-month, noninterest-bearing note with a stated rate of 13.5% and a maturity value of $215,000? (Do not round intermediate calculations. Round final answer to 1 decimal place.) Multiple Choice -41 * 15.0% 13.0%

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