Question: ou were offered either a simple interest note or a simple discount note with the following terms: $39,242 at 9% for 18 months. Calculate the

ou were offered either a simple interest note or a simple discount note with the following terms: $39,242 at 9% for 18 months. Calculate the effective interest rate.ou were offered either a simple interest note or a simple discount note with the following terms: $39,242 at 9% for 18 months. Calculate the effective interest rate.

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