Question: please answer my effective rate question & show your work please so i can understand how you got the number. thanks Question 2 of 5

please answer my effective rate question & show your work please so i can understand how you got the number. thanks

Question 2 of 5 View Policies Current Attempt in Progress List of Accounts Effective rate Debit 96 -/1 = 896,700 Credit Calculate the effective rate of the bonds using Excel or a financial calculator. (Round answer to 4 decimal places eg. 15751) 896,700

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