Question: Maturity value - $ 5 , 3 3 3 . 0 1 1 1 . Determine the cost of financing a demand note signed on

Maturity value - $5,333.0111. Determine the cost of financing a demand note signed on July 15 for $3,550 if the interest rate was 11.5% until the first part-payment of $1,350 on November 11, after which it went up to 12.5% until the note was paid in full on December 25?

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